Grandfield & Dodd LLC Makes New Investment in Kimberly-Clark Corporation $KMB

Grandfield & Dodd LLC acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, HoldingsChannel.com reports. The fund acquired 5,024 shares of the company’s stock, valued at approximately $551,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Kimberly-Clark by 0.8% during the fourth 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 in the last quarter. BlackRock Inc. purchased a new stake in Kimberly-Clark in the 2nd quarter worth $3,547,915,000. State Street Corp lifted its stake in Kimberly-Clark by 1.4% in the 4th quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after purchasing an additional 294,228 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kimberly-Clark by 2.6% during the 4th 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 last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Kimberly-Clark by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock valued at $836,216,000 after purchasing an additional 65,619 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KMB shares. Piper Sandler lifted their target price on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. TD Cowen increased their price target on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Wells Fargo & Company raised their price target on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Barclays increased their target price 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 given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Down 2.2%

Shares of NASDAQ KMB opened at $107.91 on Tuesday. The firm’s 50-day moving average price is $108.30 and its 200-day moving average price is $103.19. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The stock has a market capitalization of $35.89 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 5.25 and a beta of 0.26. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month 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 analysts’ consensus estimates of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 EPS. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders 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 dividend payout ratio (DPR) 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.