Hsbc Holdings PLC Buys 49,109 Shares of Kimberly-Clark Corporation $KMB

Hsbc Holdings PLC raised its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,468,461 shares of the company’s stock after purchasing an additional 49,109 shares during the period. Hsbc Holdings PLC’s holdings in Kimberly-Clark were worth $161,189,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. EFG International AG bought a new position in Kimberly-Clark during the 2nd quarter worth $941,000. Ancora Advisors LLC acquired a new stake in Kimberly-Clark in the 2nd quarter worth about $32,000. Canada Pension Plan Investment Board acquired a new stake in Kimberly-Clark in the 2nd quarter worth about $26,782,000. Kinloch Capital LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at about $4,307,000. Finally, Legal & General Group Plc acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $223,668,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Trading Down 0.3%

Shares of KMB opened at $111.02 on Wednesday. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $131.53. The business’s fifty day moving average is $109.19 and its 200-day moving average is $103.59. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The firm has a market cap of $36.92 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 5.31 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced 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 business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. Kimberly-Clark’s quarterly revenue was up .6% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 4.6%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.07%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KMB. Barclays lifted their price target 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. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. One 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’s stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $117.93.

Kimberly-Clark 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.