Glazer Capital LLC Purchases Shares of 15,627 Kimberly-Clark Corporation $KMB

Glazer Capital LLC purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, HoldingsChannel reports. The firm purchased 15,627 shares of the company’s stock, valued at approximately $1,715,000.

Other large investors have also made changes to their positions in the company. Dearborn Partners LLC bought a new stake in Kimberly-Clark during the 2nd quarter valued at approximately $593,000. Brooks Moore & Associates Inc. increased its position in Kimberly-Clark by 12.5% in the 2nd quarter. Brooks Moore & Associates Inc. now owns 8,075 shares of the company’s stock worth $886,000 after buying an additional 900 shares during the period. PSquared Asset Management AG bought a new position in Kimberly-Clark in the 2nd quarter worth approximately $16,482,000. FSA Advisors Inc. acquired a new position in shares of Kimberly-Clark during the second quarter worth approximately $353,000. Finally, MASTERINVEST Kapitalanlage GmbH lifted its holdings in shares of Kimberly-Clark by 36.2% during the second quarter. MASTERINVEST Kapitalanlage GmbH now owns 21,963 shares of the company’s stock worth $2,411,000 after buying an additional 5,837 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KMB. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. 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 research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Wells Fargo & Company increased their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Finally, TD Cowen lifted their target price on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Stock Performance

Shares of NASDAQ:KMB opened at $109.98 on Friday. 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 business’s fifty day moving average price is $109.52 and its two-hundred day moving average price is $103.67. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $131.53. The stock has a market capitalization of $36.58 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 5.26 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 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 firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the firm posted $1.92 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts predict that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

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.