Johnson Financial Group Inc. Acquires Shares of 12,828 Kimberly-Clark Corporation $KMB

Johnson Financial Group Inc. bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,828 shares of the company’s stock, valued at approximately $1,425,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ally Financial Inc. bought a new stake in Kimberly-Clark during the 4th quarter valued at $1,009,000. Westpac Banking Corp lifted its position in shares of Kimberly-Clark by 25.0% during the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after buying an additional 10,811 shares during the last quarter. Oddo BHF Asset Management Sas boosted its stake in Kimberly-Clark by 29.6% in the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock valued at $6,234,000 after acquiring an additional 14,115 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Kimberly-Clark in the 4th quarter worth $1,047,000. Finally, Vaughan David Investments LLC IL boosted its holdings in Kimberly-Clark by 6.4% in the fourth quarter. Vaughan David Investments LLC IL now owns 299,642 shares of the company’s stock worth $30,231,000 after acquiring an additional 17,955 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Up 2.0%

Shares of Kimberly-Clark stock opened at $109.88 on Thursday. The firm has a 50-day simple moving average of $108.61 and a two-hundred day simple moving average of $103.33. The company has a market cap of $36.54 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 5.13 and a beta of 0.26. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $136.17. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results 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 for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the business earned $1.92 earnings per share. Kimberly-Clark’s revenue was up .6% on a year-over-year basis. As a group, equities analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. 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 is presently 87.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group increased their price target on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Wells Fargo & Company raised their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Finally, Barclays boosted their price target on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. 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’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Company 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.