PSquared Asset Management AG Makes New $16.48 Million Investment in Kimberly-Clark Corporation $KMB

PSquared Asset Management AG acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 150,147 shares of the company’s stock, valued at approximately $16,482,000. Kimberly-Clark comprises approximately 5.4% of PSquared Asset Management AG’s portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the 2nd quarter valued at about $27,000. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $25,000. CrossGen Wealth LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $27,000. Ancora Advisors LLC acquired a new stake in Kimberly-Clark during the second quarter worth approximately $32,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Kimberly-Clark in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.3%

Shares of Kimberly-Clark stock opened at $109.98 on Friday. The company has a fifty day moving average price of $109.52 and a 200 day moving average price of $103.67. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $131.53. The stock has a market cap 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 quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.42 earnings per share 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. Investors of record on Friday, September 4th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s payout ratio is 87.07%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. TD Cowen raised their price target on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. UBS Group upped their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Barclays raised their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of 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 assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark 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.