Polar Asset Management Partners Inc. Takes Position in Kimberly-Clark Corporation $KMB

Polar Asset Management Partners Inc. bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 38,602 shares of the company’s stock, valued at approximately $4,237,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Kimberly-Clark by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock worth $46,923,000 after buying an additional 24,698 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in Kimberly-Clark by 44.3% during the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock worth $36,698,000 after buying an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in shares of Kimberly-Clark by 11.0% in the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after buying an additional 326 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its stake in shares of Kimberly-Clark by 20.5% in the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock valued at $1,372,000 after buying an additional 1,811 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $111.02 on Wednesday. The company has a market capitalization of $36.92 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 5.31 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $131.53. The company has a 50-day simple moving average of $109.19 and a 200 day simple moving average of $103.59.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share 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 company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the previous year, the firm earned $1.92 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. On average, research analysts predict that Kimberly-Clark Corporation will post 7.42 EPS for the current year.

Kimberly-Clark Announces Dividend

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 paid a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.6%. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KMB shares. UBS Group boosted 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. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Piper Sandler reiterated an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. TD Cowen boosted their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, Kimberly-Clark currently has a consensus 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.