Lbp Am Sa Buys 1,367 Shares of Kimberly-Clark Co. $KMB

Lbp Am Sa raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 106,881 shares of the company’s stock after acquiring an additional 1,367 shares during the quarter. Lbp Am Sa’s holdings in Kimberly-Clark were worth $13,779,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Pacer Advisors Inc. increased its stake in Kimberly-Clark by 2,982.8% in the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock valued at $196,878,000 after purchasing an additional 1,339,413 shares in the last quarter. Trinity Financial Advisors LLC bought a new stake in Kimberly-Clark in the first quarter valued at $181,762,000. Nuveen LLC bought a new stake in Kimberly-Clark in the first quarter valued at $106,458,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Kimberly-Clark by 41.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock worth $334,406,000 after acquiring an additional 687,868 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Up 1.4%

KMB opened at $124.34 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market cap of $41.25 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a twelve month low of $121.02 and a twelve month high of $150.45. The company’s 50-day moving average price is $129.14 and its two-hundred day moving average price is $133.03.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 earnings per share. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, September 5th. Kimberly-Clark’s payout ratio is presently 69.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KMB shares. Evercore ISI decreased their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Piper Sandler started coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an “overweight” rating and a $144.00 target price for the company. UBS Group decreased their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Finally, Barclays boosted their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.20.

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.