Kimberly-Clark Corporation $KMB Shares Purchased by Corient Private Wealth LP

Corient Private Wealth LP raised its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 53.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 352,769 shares of the company’s stock after acquiring an additional 122,368 shares during the quarter. Corient Private Wealth LP’s holdings in Kimberly-Clark were worth $38,723,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KMB. BlackRock Inc. purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $3,547,915,000. State Street Corp boosted its stake in shares of Kimberly-Clark by 1.4% in the fourth quarter. State Street Corp now owns 21,125,118 shares of the company’s stock valued at $2,157,746,000 after buying an additional 294,228 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kimberly-Clark by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after acquiring an additional 299,382 shares during the period. Geode Capital Management LLC grew its holdings in Kimberly-Clark by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after acquiring an additional 65,619 shares during the period. Finally, Wellington Management Group LLP raised its position in 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 acquiring an additional 7,341,215 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.3%

NASDAQ:KMB opened at $109.98 on Friday. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $131.53. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The stock has a fifty day simple moving average of $109.52 and a 200-day simple moving average of $103.67. The company has a market capitalization of $36.58 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 5.26 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share 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 analysts’ expectations of $4.22 billion. During the same quarter last year, the business posted $1.92 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that Kimberly-Clark Corporation will post 7.42 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

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

Wall Street Analysts Forecast Growth

KMB has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Piper Sandler reiterated an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Wells Fargo & Company raised their price objective 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. UBS Group boosted their price objective 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. Finally, Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $117.93.

About Kimberly-Clark

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.