1,720,891 Shares in Kimberly-Clark Corporation $KMB Purchased by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,720,891 shares of the company’s stock, valued at approximately $188,902,000. Kimberly-Clark comprises 1.5% of Diamond Hill Capital Management LLC Investment Advisor’s holdings, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Kimberly-Clark by 26,997.7% during the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock worth $743,399,000 after acquiring an additional 7,341,215 shares during the period. Norges Bank acquired a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $521,184,000. Bank of New York Mellon Corp bought a new stake in Kimberly-Clark in the 2nd quarter valued at $239,612,000. Bank of America Corp DE raised its stake in Kimberly-Clark by 29.1% in the 1st quarter. Bank of America Corp DE now owns 6,661,899 shares of the company’s stock valued at $642,673,000 after acquiring an additional 1,503,018 shares during the period. Finally, KBC Group NV lifted its holdings in Kimberly-Clark by 459.9% during the 1st quarter. KBC Group NV now owns 1,695,768 shares of the company’s stock valued at $163,591,000 after purchasing an additional 1,392,873 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB opened at $110.39 on Monday. The business has a fifty day simple moving average of $108.10 and a 200 day simple moving average of $103.14. The company has a market capitalization of $36.71 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $136.17. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Research analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared 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 dividend yield of 4.6%. Kimberly-Clark’s dividend payout ratio is 87.07%.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. TD Cowen increased their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Piper Sandler lifted their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Wells Fargo & Company upped 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 note on Wednesday, July 8th. Finally, UBS Group increased their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.