The Manufacturers Life Insurance Company Acquires Shares of 275,825 Kimberly-Clark Corporation $KMB

The Manufacturers Life Insurance Company bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 275,825 shares of the company’s stock, valued at approximately $30,279,000.

Several other institutional investors have also made changes to their positions in KMB. Van Hulzen Asset Management LLC acquired a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $316,000. Fiduciary Financial Advisors purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $47,000. Manning & Napier Advisors LLC acquired a new position in Kimberly-Clark in the 2nd quarter worth approximately $688,000. L2 Asset Management LLC acquired a new position in Kimberly-Clark in the 2nd quarter worth approximately $573,000. Finally, Aberdeen Wealth Management LLC purchased a new position in Kimberly-Clark during the 2nd quarter worth approximately $227,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 0.3%

Kimberly-Clark stock opened at $109.98 on Friday. The firm has a market cap of $36.58 billion, a PE ratio of 18.70, a P/E/G ratio of 5.26 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. The firm’s 50 day moving average price is $109.52 and its two-hundred day moving average price is $103.67. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $131.53.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 11.79% and a return on equity of 143.92%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $1.92 EPS. On average, research analysts predict that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal 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 issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.07%.

Analyst Ratings Changes

Several analysts have issued reports on KMB shares. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. TD Cowen lifted their price target on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. UBS Group upped their price target on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Piper Sandler restated an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $117.93.

About Kimberly-Clark

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.