MASTERINVEST Kapitalanlage GmbH Boosts Stock Position in Kimberly-Clark Corporation $KMB

MASTERINVEST Kapitalanlage GmbH lifted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 36.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,963 shares of the company’s stock after buying an additional 5,837 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Kimberly-Clark were worth $2,411,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark in the 2nd quarter worth $27,000. Godfrey Financial Associates Inc. purchased a new position in Kimberly-Clark during the fourth quarter valued at $25,000. CrossGen Wealth LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $27,000. Ancora Advisors LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $32,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Kimberly-Clark during the second quarter worth about $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KMB shares. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company increased their target price on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Barclays raised their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Piper Sandler reiterated an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Stock Performance

KMB opened at $109.98 on Friday. The firm has a market capitalization of $36.58 billion, a PE ratio of 18.70, a PEG ratio of 5.26 and a beta of 0.26. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $131.53. The firm’s 50-day moving average price is $109.52 and its 200 day moving average price is $103.67. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the company posted $1.92 EPS. The firm’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.07%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.