Qtron Investments LLC Grows Position in Kimberly-Clark Co. $KMB

by · The Cerbat Gem

Qtron Investments LLC lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 9.0% in the first quarter, HoldingsChannel.com reports. The firm owned 10,657 shares of the company’s stock after acquiring an additional 882 shares during the quarter. Qtron Investments LLC’s holdings in Kimberly-Clark were worth $1,516,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Kimberly-Clark by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock worth $5,011,188,000 after purchasing an additional 92,920 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Kimberly-Clark by 6.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after purchasing an additional 674,046 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Kimberly-Clark by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company’s stock worth $986,616,000 after purchasing an additional 417,118 shares during the period. Invesco Ltd. grew its holdings in shares of Kimberly-Clark by 3.1% during the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock worth $828,811,000 after purchasing an additional 173,915 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Kimberly-Clark by 12.6% during the 4th quarter. Northern Trust Corp now owns 3,974,239 shares of the company’s stock worth $520,784,000 after purchasing an additional 445,552 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

KMB stock opened at $132.94 on Monday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market capitalization of $44.11 billion, a P/E ratio of 17.61, a P/E/G ratio of 4.46 and a beta of 0.33. The business’s 50-day moving average is $130.42 and its two-hundred day moving average is $135.11. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB – Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Kimberly-Clark’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 EPS. Analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend 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%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KMB shares. UBS Group lowered their price target on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Evercore ISI lowered their target price on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Barclays raised their target price on Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Piper Sandler started coverage on Kimberly-Clark in a report on Friday, July 18th. They set an “overweight” rating and a $144.00 target price for the company. Finally, Wall Street Zen cut Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $142.70.

View Our Latest Stock Analysis on Kimberly-Clark

Kimberly-Clark Company Profile

(Free Report)

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.

Further Reading

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