Motco Acquires 555 Shares of Kimberly-Clark Co. $KMB

Motco increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 40.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,931 shares of the company’s stock after purchasing an additional 555 shares during the period. Motco’s holdings in Kimberly-Clark were worth $241,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Kimberly-Clark by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock valued at $5,011,188,000 after purchasing an additional 92,920 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Kimberly-Clark by 6.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock valued at $1,601,968,000 after buying an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Kimberly-Clark by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock valued at $1,151,309,000 after buying an additional 566,152 shares during the last quarter. Invesco Ltd. raised its position in Kimberly-Clark by 3.1% in the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock valued at $828,811,000 after buying an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Kimberly-Clark by 0.9% in the 1st quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock valued at $492,091,000 after buying an additional 29,453 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KMB shares. Barclays dropped their target price on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Citigroup dropped their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Piper Sandler dropped their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. UBS Group dropped their target price on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $137.00.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $116.72 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $116.26 and a 12 month high of $150.45. The stock has a 50 day moving average of $124.45 and a 200-day moving average of $130.29. The company has a market capitalization of $38.73 billion, a P/E ratio of 15.46, a P/E/G ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the company posted $1.96 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.26 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.3%. Kimberly-Clark’s payout ratio is 69.42%.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.