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

Rakuten Investment Management Inc. bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,771 shares of the company’s stock, valued at approximately $1,588,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Empirical Finance LLC increased its holdings in Kimberly-Clark by 0.6% in the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after buying an additional 76 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its position in shares of Kimberly-Clark by 3.7% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock valued at $284,000 after acquiring an additional 78 shares during the period. Monarch Capital Management Inc. increased its stake in shares of Kimberly-Clark by 1.9% in the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after purchasing an additional 81 shares in the last quarter. TFB Advisors LLC raised its holdings in Kimberly-Clark by 4.2% in the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after purchasing an additional 82 shares during the period. Finally, Crews Bank & Trust raised its holdings in Kimberly-Clark by 2.7% in the 2nd quarter. Crews Bank & Trust now owns 3,348 shares of the company’s stock worth $432,000 after purchasing an additional 87 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMB has been the topic of several research analyst reports. TD Cowen dropped their price objective on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Piper Sandler decreased their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a report on Tuesday, October 28th. BNP Paribas Exane restated a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $118.33.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $102.23 on Friday. The company has a market cap of $33.93 billion, a P/E ratio of 17.30, a P/E/G ratio of 3.92 and a beta of 0.26. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $150.45. The company’s 50-day moving average price is $102.19 and its 200-day moving average price is $116.51. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. Kimberly-Clark’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a dividend of $1.26 per share. The ex-dividend date was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 85.28%.

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.