Kimberly-Clark Corporation $KMB Shares Acquired by Swiss National Bank

Swiss National Bank lifted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,003,900 shares of the company’s stock after acquiring an additional 63,400 shares during the period. Swiss National Bank’s holdings in Kimberly-Clark were worth $129,423,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Financial Network Wealth Advisors LLC raised its stake in Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the period. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $25,000. Princeton Global Asset Management LLC increased its holdings in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after buying an additional 188 shares during the last quarter. Winnow Wealth LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at approximately $27,000. Finally, Elequin Capital LP acquired a new position in Kimberly-Clark in the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on KMB. Argus upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Thursday, November 13th. Cowen reaffirmed a “hold” rating on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Evercore ISI restated an “in-line” rating and issued a $120.00 price objective (down from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. Finally, Piper Sandler dropped their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $128.91.

Kimberly-Clark Trading Up 1.4%

Shares of NASDAQ:KMB opened at $105.18 on Friday. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45. The company’s 50 day moving average is $116.01 and its two-hundred day moving average is $126.67. The company has a market cap of $34.90 billion, a PE ratio of 14.49, a P/E/G ratio of 3.67 and a beta of 0.26. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 earnings per share. Equities analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a $1.26 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.8%. Kimberly-Clark’s dividend payout ratio is presently 85.28%.

About Kimberly-Clark

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.