Diamond Hill Capital Management LLC Investment Advisor Purchases Shares of 1,720,891 Kimberly-Clark Corporation $KMB

by · The Markets Daily

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,720,891 shares of the company’s stock, valued at approximately $188,902,000. Kimberly-Clark accounts for approximately 1.5% of Diamond Hill Capital Management LLC Investment Advisor’s holdings, making the stock its 21st biggest holding. Diamond Hill Capital Management LLC Investment Advisor owned 0.52% of Kimberly-Clark at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Greatmark Investment Partners Inc. lifted its position in Kimberly-Clark by 2.9% in the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock worth $3,834,000 after purchasing an additional 100 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Kimberly-Clark by 0.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after purchasing an additional 100 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Kimberly-Clark by 18.3% in the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after purchasing an additional 103 shares during the period. Finally, Core Wealth Partners LLC lifted its holdings in shares of Kimberly-Clark by 2.6% in the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock valued at $439,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research reports. Barclays increased their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. TD Cowen upped their price target on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. UBS Group raised their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Piper Sandler lifted their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $117.93.

Get Our Latest Analysis on Kimberly-Clark

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $110.39 on Monday. The stock has a 50 day moving average price of $108.10 and a 200 day moving average price of $103.14. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $136.17. 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 stock has a market capitalization of $36.71 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last posted its quarterly earnings results 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 company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the firm earned $1.92 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.07%.

Kimberly-Clark Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NASDAQ:KMB – Free Report).