5,760,888 Shares in Kimberly-Clark Corporation $KMB Bought by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,760,888 shares of the company’s stock, valued at approximately $632,373,000. Kimberly-Clark accounts for 6.0% of Thornburg Investment Management Inc.’s holdings, making the stock its 5th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Godfrey Financial Associates Inc. purchased a new position in shares of Kimberly-Clark in the fourth quarter worth about $25,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark during the 2nd quarter valued at about $27,000. CrossGen Wealth LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $27,000. Motiv8 Investments LLC bought a new position in Kimberly-Clark during the 4th quarter worth approximately $31,000. Finally, Entrust Financial LLC bought a new position in Kimberly-Clark during the 4th quarter worth approximately $32,000. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on KMB shares. UBS Group boosted their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. TD Cowen raised their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Wells Fargo & Company lifted their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $109.55 on Friday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $131.53. The firm has a market capitalization of $36.43 billion, a P/E ratio of 18.63, a P/E/G ratio of 5.22 and a beta of 0.26. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The business has a fifty day simple moving average of $109.66 and a two-hundred day simple moving average of $103.71.

Kimberly-Clark (NASDAQ:KMB) last released its 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). 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%.The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 earnings per share. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.42 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is 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.