Kimberly-Clark Corporation $KMB Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 10.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,292 shares of the company’s stock after purchasing an additional 5,034 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Kimberly-Clark were worth $5,967,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KMB. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the second quarter worth $27,000. Godfrey Financial Associates Inc. purchased a new position in shares of Kimberly-Clark during the 4th quarter worth $25,000. CrossGen Wealth LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $27,000. Ancora Advisors LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $32,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Kimberly-Clark during the second quarter worth about $32,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $109.55 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. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $131.53. The stock has a market capitalization of $36.43 billion, a PE ratio of 18.63, a P/E/G ratio of 5.22 and a beta of 0.26. The firm has a 50 day moving average of $109.66 and a two-hundred day moving average of $103.71.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data 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 company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 EPS. On average, research analysts predict that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio is 87.07%.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent analyst reports. Piper Sandler reiterated an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. UBS Group raised their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. TD Cowen lifted 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. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Finally, Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target 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.