Ransom Advisory Ltd Invests $324,000 in Kimberly-Clark Co. $KMB

Ransom Advisory Ltd purchased a new position in Kimberly-Clark Co. (NYSE:KMB) during the 1st quarter, HoldingsChannel reports. The fund purchased 2,280 shares of the company’s stock, valued at approximately $324,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Kimberly-Clark by 0.3% in the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock valued at $5,011,188,000 after acquiring an additional 92,920 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Kimberly-Clark by 6.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock valued at $1,601,968,000 after acquiring an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Kimberly-Clark by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock valued at $1,151,309,000 after acquiring an additional 566,152 shares during the last quarter. Invesco Ltd. increased its stake in Kimberly-Clark by 3.1% in the first quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock valued at $828,811,000 after acquiring an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Kimberly-Clark by 0.9% during the first quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock valued at $492,091,000 after buying an additional 29,453 shares during the period. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on KMB shares. Barclays upped their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. UBS Group cut their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Finally, Piper Sandler initiated coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an “overweight” rating and a $144.00 target price for the company. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $142.70.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $130.97 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market cap of $43.45 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 4.46 and a beta of 0.32. The business’s fifty day moving average is $130.57 and its 200 day moving average is $134.79. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS. Research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 69.42%.

Kimberly-Clark 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.