iSAM Funds UK Ltd Invests $2.54 Million in Kimberly-Clark Corporation $KMB

iSAM Funds UK Ltd acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 19,665 shares of the company’s stock, valued at approximately $2,535,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Investment Research & Advisory Group Inc. bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $25,000. Princeton Global Asset Management LLC lifted its position in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after acquiring an additional 188 shares during the last quarter. Winnow Wealth LLC acquired a new stake in Kimberly-Clark in the second quarter valued at approximately $27,000. Financial Network Wealth Advisors LLC grew its holdings in Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its position in shares of Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of a number of recent analyst reports. Citigroup lowered their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. JPMorgan Chase & Co. upped their target price on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. BNP Paribas Exane lowered their price target on Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, December 1st. Evercore ISI restated an “in-line” rating and set a $120.00 price objective (down previously from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. Finally, Piper Sandler decreased their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $126.00.

Kimberly-Clark Stock Down 1.1%

Shares of KMB stock opened at $101.85 on Tuesday. Kimberly-Clark Corporation has a fifty-two week low of $99.22 and a fifty-two week high of $150.45. The firm has a market capitalization of $33.80 billion, a PE ratio of 17.23, a P/E/G ratio of 3.80 and a beta of 0.25. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. The stock’s 50-day simple moving average is $112.08 and its 200-day simple moving average is $124.21.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. Equities analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio is 85.28%.

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.