96,289 Shares in Kimberly-Clark Corporation $KMB Purchased by Jain Global LLC

Jain Global LLC acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 96,289 shares of the company’s stock, valued at approximately $11,973,000.

Several other hedge funds also recently bought and sold shares of KMB. Brighton Jones LLC raised its stake in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of Kimberly-Clark by 1.6% in the 2nd quarter. Foundations Investment Advisors LLC now owns 7,665 shares of the company’s stock worth $988,000 after acquiring an additional 117 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Kimberly-Clark by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 81,380 shares of the company’s stock worth $10,492,000 after purchasing an additional 5,528 shares during the period. SG Americas Securities LLC increased its holdings in Kimberly-Clark by 87.9% in the 2nd quarter. SG Americas Securities LLC now owns 12,273 shares of the company’s stock valued at $1,582,000 after purchasing an additional 5,741 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Kimberly-Clark by 12.4% in the 2nd quarter. Cetera Investment Advisers now owns 175,023 shares of the company’s stock valued at $22,564,000 after purchasing an additional 19,241 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $100.26 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $147.12. The stock has a market capitalization of $33.28 billion, a PE ratio of 16.52, a P/E/G ratio of 3.51 and a beta of 0.24. The firm has a 50 day moving average of $103.37 and a two-hundred day moving average of $109.77.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 earnings per share. On average, research analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is presently 84.35%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on KMB shares. BNP Paribas Exane restated a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a research note on Monday, December 1st. UBS Group lifted their price objective on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Wells Fargo & Company set a $110.00 price objective on Kimberly-Clark in a report on Tuesday, February 17th. Piper Sandler lowered their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday. Finally, Barclays set a $102.00 target price on Kimberly-Clark in a research report on Friday, January 16th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $116.42.

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.