PSquared Asset Management AG Invests $16.48 Million in Kimberly-Clark Corporation $KMB

PSquared Asset Management AG purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 150,147 shares of the company’s stock, valued at approximately $16,482,000. Kimberly-Clark comprises approximately 5.4% of PSquared Asset Management AG’s portfolio, making the stock its 7th largest holding.

Other hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Kimberly-Clark by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after purchasing an additional 100 shares during the last quarter. New Mexico Educational Retirement Board increased its position in Kimberly-Clark by 0.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock worth $1,523,000 after buying an additional 100 shares during the period. AdvisorNet Financial Inc lifted its stake in Kimberly-Clark by 18.3% in the first quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after buying an additional 103 shares during the last quarter. Core Wealth Partners LLC boosted its holdings in shares of Kimberly-Clark by 2.6% in the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock valued at $439,000 after acquiring an additional 112 shares during the period. Finally, Assetmark Inc. grew its position in shares of Kimberly-Clark by 0.6% during the first quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock worth $1,950,000 after acquiring an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on KMB. TD Cowen upped their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price objective 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. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. UBS Group increased their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. One equities 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 an average rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Trading Down 0.3%

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

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

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a 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%.

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.