EFG International AG Makes New $941,000 Investment in Kimberly-Clark Corporation $KMB

EFG International AG bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,575 shares of the company’s stock, valued at approximately $941,000.

Several other hedge funds have also made changes to their positions in KMB. Oregon Public Employees Retirement Fund grew its position in Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock worth $3,834,000 after purchasing an additional 100 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of Kimberly-Clark by 0.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after purchasing an additional 100 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Kimberly-Clark by 18.3% in the first quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $64,000 after buying an additional 103 shares during the period. Core Wealth Partners LLC boosted its position in shares of Kimberly-Clark by 2.6% in the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock worth $439,000 after buying an additional 112 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Kimberly-Clark by 0.6% during the first quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock valued at $1,950,000 after buying an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB opened at $110.34 on Thursday. The stock has a market cap of $36.70 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 5.29 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $131.53. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The stock has a fifty day moving average price of $109.37 and a 200 day moving average price of $103.63.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results 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 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 analysts’ expectations of $4.22 billion. During the same quarter last year, the firm earned $1.92 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal 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 issued a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. Kimberly-Clark’s dividend payout ratio is currently 87.07%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KMB. UBS Group increased their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company upped their target price on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Piper Sandler reissued an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Finally, Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average 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.