Governors Lane LP Has $10.01 Million Stake in Kimberly-Clark Corporation $KMB

Governors Lane LP increased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 742.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 91,148 shares of the company’s stock after purchasing an additional 80,335 shares during the quarter. Governors Lane LP’s holdings in Kimberly-Clark were worth $10,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in Kimberly-Clark by 11,088.4% during the 2nd quarter. California State Teachers Retirement System now owns 43,186,921 shares of the company’s stock worth $4,740,628,000 after buying an additional 42,800,922 shares during the period. BlackRock Inc. bought a new stake in shares of Kimberly-Clark in the second quarter valued at about $3,547,915,000. State Street Corp grew its stake in shares of Kimberly-Clark by 1.4% in the fourth quarter. State Street Corp now owns 21,125,118 shares of the company’s stock valued at $2,157,746,000 after acquiring an additional 294,228 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Kimberly-Clark by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after acquiring an additional 299,382 shares during the period. Finally, Geode Capital Management LLC increased its position in Kimberly-Clark by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after acquiring an additional 65,619 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. UBS Group lifted their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company raised their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Stock Performance

Shares of NASDAQ:KMB opened at $102.93 on Wednesday. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $131.53. The stock has a market capitalization of $34.23 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 4.39 and a beta of 0.25. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The company’s 50 day simple moving average is $109.60 and its 200 day simple moving average is $103.62.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the business posted $1.92 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 yield of 5.0%. Kimberly-Clark’s payout ratio is presently 87.07%.

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.