HRT Financial LP Purchases 432,861 Shares of Kimberly-Clark Corporation $KMB

HRT Financial LP lifted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 350.3% during the second quarter, Holdings Channel reports. The institutional investor owned 556,437 shares of the company’s stock after acquiring an additional 432,861 shares during the quarter. HRT Financial LP’s holdings in Kimberly-Clark were worth $71,735,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Kimberly-Clark by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after purchasing an additional 5,200,011 shares in the last quarter. Norges Bank purchased a new position in Kimberly-Clark in the second quarter worth about $556,114,000. Federated Hermes Inc. lifted its stake in shares of Kimberly-Clark by 350.2% in the second quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock worth $204,105,000 after buying an additional 1,231,501 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Kimberly-Clark by 32,568.4% during the second quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock valued at $126,138,000 after buying an additional 975,424 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $91,185,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KMB has been the topic of several analyst reports. TD Cowen lowered their price objective on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. BNP Paribas Exane reduced their price objective on Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, December 1st. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Thursday, November 13th. Evercore ISI reiterated an “in-line” rating and issued a $120.00 price target (down from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.00.

Kimberly-Clark Trading Down 0.3%

Shares of NASDAQ:KMB opened at $103.15 on Friday. Kimberly-Clark Corporation has a 52-week low of $99.22 and a 52-week high of $150.45. The stock has a market capitalization of $34.23 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 3.82 and a beta of 0.25. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. The stock’s 50-day simple moving average is $110.48 and its two-hundred day simple moving average is $123.39.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 EPS. Analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, December 5th. Kimberly-Clark’s dividend payout ratio is 85.28%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.