NEOS Investment Management LLC Increases Position in Kimberly-Clark Corporation $KMB

NEOS Investment Management LLC lifted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,467 shares of the company’s stock after buying an additional 6,587 shares during the period. NEOS Investment Management LLC’s holdings in Kimberly-Clark were worth $5,869,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ally Financial Inc. purchased a new position in Kimberly-Clark in the 4th quarter valued at $1,009,000. Legal & General Group Plc acquired a new stake in shares of Kimberly-Clark in the 2nd quarter worth $223,668,000. Westpac Banking Corp lifted its stake in shares of Kimberly-Clark by 25.0% in the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after acquiring an additional 10,811 shares during the period. Oddo BHF Asset Management Sas boosted its holdings in shares of Kimberly-Clark by 29.6% in the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock valued at $6,234,000 after acquiring an additional 14,115 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $1,047,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $104.96 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $131.53. The company has a 50-day simple moving average of $109.83 and a 200-day simple moving average of $103.68. The company has a market capitalization of $34.91 billion, a PE ratio of 17.85, a P/E/G ratio of 4.39 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $4.22 billion. During the same period in the prior year, the firm posted $1.92 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities research 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 declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.9%. Kimberly-Clark’s payout ratio is 87.07%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. UBS Group lifted their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Piper Sandler reissued an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Finally, Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $117.93.

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.