Kimberly-Clark Corporation $KMB Shares Bought by Saudi Central Bank

Saudi Central Bank increased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 89.7% during the second quarter, Holdings Channel reports. The firm owned 23,235 shares of the company’s stock after purchasing an additional 10,986 shares during the period. Saudi Central Bank’s holdings in Kimberly-Clark were worth $2,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KMB. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark in the fourth quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $27,000. CrossGen Wealth LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at $27,000. Motiv8 Investments LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth $31,000. Finally, Entrust Financial LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter worth $32,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays boosted their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. TD Cowen lifted their price target on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. UBS Group upped their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Stock Performance

Shares of KMB opened at $104.96 on Tuesday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $131.53. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The company has a market capitalization of $34.91 billion, a PE ratio of 17.85, a PEG ratio of 4.39 and a beta of 0.25. The company’s 50 day moving average price is $109.73 and its 200 day moving average price is $103.67.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (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 company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the business earned $1.92 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. Research analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Kimberly-Clark Profile

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.