Nuance Investments LLC Makes New $22.81 Million Investment in Kimberly-Clark Corporation $KMB

Nuance Investments LLC purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 207,780 shares of the company’s stock, valued at approximately $22,808,000. Kimberly-Clark accounts for 3.9% of Nuance Investments LLC’s holdings, making the stock its 8th largest position. Nuance Investments LLC owned about 0.06% of Kimberly-Clark as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Kimberly-Clark by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock valued at $4,121,027,000 after acquiring an additional 315,981 shares during the period. BlackRock Inc. acquired a new stake in shares of Kimberly-Clark during the second quarter worth about $3,547,915,000. State Street Corp boosted its stake in shares of Kimberly-Clark by 1.4% in the fourth quarter. State Street Corp now owns 21,125,118 shares of the company’s stock valued at $2,157,746,000 after purchasing an additional 294,228 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 valued at $1,202,322,000 after purchasing an additional 299,382 shares during the period. Finally, Geode Capital Management LLC increased its stake in Kimberly-Clark by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after buying an additional 65,619 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Shares of KMB opened at $107.91 on Tuesday. 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 50 day moving average price of $108.30 and a 200 day moving average price of $103.19. The company has a market capitalization of $35.89 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $136.17.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.Kimberly-Clark’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 earnings per share. Research analysts predict that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have commented on KMB shares. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. UBS Group increased their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wells Fargo & Company lifted 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. TD Cowen upped their price target on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Finally, Barclays increased their price target on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.