Canada Pension Plan Investment Board Invests $26.78 Million in Kimberly-Clark Corporation $KMB

Canada Pension Plan Investment Board bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 243,986 shares of the company’s stock, valued at approximately $26,782,000. Canada Pension Plan Investment Board owned approximately 0.07% of Kimberly-Clark at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ally Financial Inc. purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $1,009,000. Westpac Banking Corp grew its holdings in shares of Kimberly-Clark by 25.0% during the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after purchasing an additional 10,811 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Kimberly-Clark in the second quarter worth approximately $223,668,000. Oddo BHF Asset Management Sas increased its position in shares of Kimberly-Clark by 29.6% in the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock worth $6,234,000 after purchasing an additional 14,115 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Kimberly-Clark in the fourth quarter valued at approximately $1,047,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent research reports. Piper Sandler reiterated an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Barclays upped their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. UBS Group lifted their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a report 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Trading Down 0.4%

Shares of KMB stock opened at $109.55 on Friday. The business has a 50-day moving average of $109.66 and a 200 day moving average of $103.71. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $131.53. The stock has a market capitalization of $36.43 billion, a PE ratio of 18.63, a P/E/G ratio of 5.24 and a beta of 0.26.

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

Kimberly-Clark Announces Dividend

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

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.