Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 29.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,615 shares of the company’s stock after buying an additional 10,655 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Kimberly-Clark were worth $6,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Kimberly-Clark during the fourth quarter valued at $437,420,000. Price T Rowe Associates Inc. MD grew its position in shares of Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after buying an additional 944,920 shares during the last quarter. Capital World Investors raised its stake in Kimberly-Clark by 23.8% during the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after acquiring an additional 370,094 shares during the period. KBC Group NV lifted its holdings in Kimberly-Clark by 277.9% in the fourth quarter. KBC Group NV now owns 472,934 shares of the company’s stock worth $57,466,000 after acquiring an additional 347,778 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Kimberly-Clark by 32.1% during the second quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock valued at $188,040,000 after purchasing an additional 330,327 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMB has been the subject of a number of analyst reports. Argus upgraded Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. TD Cowen initiated coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Finally, Piper Sandler lifted their price target on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $145.67.

Kimberly-Clark Price Performance

NYSE:KMB opened at $143.20 on Thursday. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $149.30. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The firm has a market cap of $48.23 billion, a P/E ratio of 26.32, a PEG ratio of 3.12 and a beta of 0.39. The business’s 50-day moving average price is $141.98 and its 200 day moving average price is $135.13.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the transaction, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Profile

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.