Rakuten Investment Management Inc. Increases Position in Kimberly-Clark Corporation $KMB

Rakuten Investment Management Inc. grew its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 10.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,292 shares of the company’s stock after purchasing an additional 5,034 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Kimberly-Clark were worth $5,967,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new position in Kimberly-Clark in the fourth quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the second quarter valued at $27,000. CrossGen Wealth LLC purchased a new stake in Kimberly-Clark during the 4th quarter worth about $27,000. Motiv8 Investments LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $31,000. Finally, Entrust Financial LLC purchased a new stake in Kimberly-Clark during the fourth quarter worth approximately $32,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KMB has been the topic of several recent analyst reports. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. UBS Group raised their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. 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 given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $117.93.

Kimberly-Clark Stock Down 0.4%

KMB opened at $109.55 on Friday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $131.53. The business has a 50 day moving average price of $109.66 and a two-hundred day moving average price of $103.71. 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 company has a market cap of $36.43 billion, a PE ratio of 18.63, a P/E/G ratio of 5.22 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced 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). The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 earnings per share. As a group, research analysts anticipate that Kimberly-Clark Corporation will post 7.42 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company 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 $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is 87.07%.

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.