Thornburg Investment Management Inc. Takes $632.37 Million Position in Kimberly-Clark Corporation $KMB

Thornburg Investment Management Inc. purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,760,888 shares of the company’s stock, valued at approximately $632,373,000. Kimberly-Clark accounts for approximately 6.0% of Thornburg Investment Management Inc.’s portfolio, making the stock its 5th biggest holding. Thornburg Investment Management Inc. owned approximately 1.73% of Kimberly-Clark at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KMB. BlackRock Inc. bought a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $3,547,915,000. State Street Corp lifted its position in shares of Kimberly-Clark by 1.4% during the fourth quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after acquiring 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% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after acquiring an additional 299,382 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Kimberly-Clark by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after acquiring an additional 65,619 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Kimberly-Clark by 26,997.7% in the fourth quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock valued at $743,399,000 after purchasing an additional 7,341,215 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. TD Cowen upped their price target on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. UBS Group increased their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Barclays raised their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. One research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Down 0.4%

KMB opened at $109.55 on Friday. The stock has a market cap of $36.43 billion, a PE ratio of 18.63, a P/E/G ratio of 5.22 and a beta of 0.26. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $131.53. The business’s fifty day simple moving average is $109.66 and its 200 day simple moving average is $103.71.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly 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 firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts expect that Kimberly-Clark Corporation will post 7.42 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

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