Nuance Investments LLC Takes Position in Kimberly-Clark Corporation $KMB

Nuance Investments LLC purchased a new stake in 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 207,780 shares of the company’s stock, valued at approximately $22,808,000. Kimberly-Clark comprises about 3.9% of Nuance Investments LLC’s investment portfolio, making the stock its 8th biggest position.

Other large investors have also recently bought and sold shares of the company. Ally Financial Inc. acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $1,009,000. Westpac Banking Corp raised its stake in shares of Kimberly-Clark by 25.0% during the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after purchasing an additional 10,811 shares during the last quarter. Oddo BHF Asset Management Sas lifted its holdings in shares of Kimberly-Clark by 29.6% during the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock worth $6,234,000 after purchasing an additional 14,115 shares during the period. Fox Run Management L.L.C. purchased a new position in Kimberly-Clark in the 4th quarter valued at $1,047,000. Finally, Vaughan David Investments LLC IL grew its position in Kimberly-Clark by 6.4% in the 4th quarter. Vaughan David Investments LLC IL now owns 299,642 shares of the company’s stock valued at $30,231,000 after buying an additional 17,955 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 2.2%

Shares of KMB stock opened at $107.91 on Tuesday. The stock has a market cap of $35.89 billion, a P/E ratio of 18.35, a P/E/G ratio of 5.25 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 fifty-two week low of $92.42 and a fifty-two week high of $136.17. The business has a fifty day simple moving average of $108.30 and a 200-day simple moving average of $103.19.

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

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued 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 is 87.07%.

Wall Street Analyst Weigh In

A number of brokerages have commented on KMB. Wells Fargo & Company upped their price objective on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. UBS Group lifted their target price 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. Barclays boosted their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Piper Sandler raised their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Finally, TD Cowen boosted their target price on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.