TD Waterhouse Canada Inc. Acquires 8,523 Shares of Kimberly-Clark Corporation $KMB

TD Waterhouse Canada Inc. boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 5.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 174,619 shares of the company’s stock after buying an additional 8,523 shares during the period. TD Waterhouse Canada Inc.’s holdings in Kimberly-Clark were worth $19,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ally Financial Inc. bought a new stake in Kimberly-Clark in the 4th quarter valued at $1,009,000. Legal & General Group Plc bought a new position in Kimberly-Clark during the 2nd quarter worth about $223,668,000. Westpac Banking Corp raised its stake in shares of Kimberly-Clark by 25.0% in the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after purchasing an additional 10,811 shares during the period. Oddo BHF Asset Management Sas raised its stake in shares of Kimberly-Clark by 29.6% in the 4th quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock valued at $6,234,000 after purchasing an additional 14,115 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $1,047,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $104.96 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The stock has a market capitalization of $34.91 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 4.51 and a beta of 0.25. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $131.53. The company has a 50-day simple moving average of $109.83 and a two-hundred day simple moving average of $103.72.

Kimberly-Clark (NASDAQ:KMB) last announced 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 return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the company earned $1.92 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. Analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on KMB shares. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Wells Fargo & Company boosted their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Barclays raised their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Finally, UBS Group raised their price target on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $117.93.

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.