Cim Investment Management Inc. Has $1.42 Million Holdings in Kimberly-Clark Corporation $KMB

by · The Markets Daily

Cim Investment Management Inc. raised its position in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 99.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,918 shares of the company’s stock after purchasing an additional 5,448 shares during the quarter. Cim Investment Management Inc.’s holdings in Kimberly-Clark were worth $1,419,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KMB. Vanguard Group Inc. grew its holdings in shares of Kimberly-Clark by 14.8% during the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after buying an additional 5,200,011 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kimberly-Clark by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,482,657 shares of the company’s stock valued at $1,480,344,000 after acquiring an additional 218,644 shares in the last quarter. Geode Capital Management LLC boosted its position in Kimberly-Clark by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 8,254,137 shares of the company’s stock worth $1,065,423,000 after acquiring an additional 363,865 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Kimberly-Clark by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock worth $1,151,309,000 after acquiring an additional 566,152 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Kimberly-Clark by 4.6% in the second quarter. Invesco Ltd. now owns 6,097,800 shares of the company’s stock worth $786,128,000 after purchasing an additional 270,134 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KMB has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a research report on Monday, December 8th. Piper Sandler decreased their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Morgan Stanley lowered their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. BNP Paribas reissued a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a research report on Monday, December 1st. Finally, TD Cowen lowered their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.00.

Check Out Our Latest Research Report on Kimberly-Clark

Kimberly-Clark Trading Down 0.3%

Kimberly-Clark stock opened at $103.15 on Friday. The stock has a 50-day simple moving average of $110.48 and a 200 day simple moving average of $123.25. The stock has a market capitalization of $34.23 billion, a P/E ratio of 17.45, a PEG ratio of 3.81 and a beta of 0.25. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $1.83 earnings per share. Analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.9%. Kimberly-Clark’s dividend payout ratio is presently 85.28%.

Kimberly-Clark 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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