118,000 Shares in Kimberly-Clark Corporation $KMB Acquired by HS Management Partners LLC

HS Management Partners LLC acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 118,000 shares of the company’s stock, valued at approximately $12,953,000. Kimberly-Clark comprises 4.4% of HS Management Partners LLC’s portfolio, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. BlackRock Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth $3,547,915,000. Wellington Management Group LLP increased its position in shares of Kimberly-Clark by 26,997.7% in the fourth quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock worth $743,399,000 after purchasing an additional 7,341,215 shares during the period. Norges Bank acquired a new position in Kimberly-Clark in the fourth quarter valued at about $521,184,000. Bank of New York Mellon Corp bought a new stake in Kimberly-Clark during the second quarter worth about $239,612,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Kimberly-Clark during the second quarter worth about $188,902,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 0.2%

NASDAQ:KMB opened at $107.72 on Wednesday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $136.17. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The company has a market cap of $35.83 billion, a PE ratio of 18.32, a P/E/G ratio of 5.25 and a beta of 0.26. The firm’s 50 day simple moving average is $108.45 and its 200 day simple moving average is $103.25.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the business posted $1.92 EPS. Kimberly-Clark’s revenue was up .6% on a year-over-year basis. On average, research analysts anticipate that Kimberly-Clark Corporation will post 7.43 earnings per share for the current 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 given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s payout ratio is 87.07%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KMB shares. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Wells Fargo & Company upped their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Piper Sandler increased their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. TD Cowen lifted their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” 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 note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.