UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $342.13 Million Stake in Kimberly-Clark Corporation $KMB

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 8.7% in the second quarter, HoldingsChannel.com reports. The fund owned 3,116,768 shares of the company’s stock after buying an additional 249,832 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kimberly-Clark were worth $342,128,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter valued at $3,547,915,000. State Street Corp boosted its stake in Kimberly-Clark by 1.4% in the fourth quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after purchasing an additional 294,228 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Kimberly-Clark by 2.6% in 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 purchasing an additional 299,382 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 65,619 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Kimberly-Clark by 26,997.7% during 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 last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $109.55 on Monday. The business’s 50-day simple moving average is $109.66 and its 200 day simple moving average is $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 stock has a market cap of $36.43 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 5.22 and a beta of 0.26. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $131.53.

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

Kimberly-Clark Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on KMB shares. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. TD Cowen increased their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Barclays raised their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. UBS Group upped their target price 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. Finally, Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target 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.