17,761 Shares in Kimberly-Clark Corporation $KMB Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, Holdings Channel reports. The fund purchased 17,761 shares of the company’s stock, valued at approximately $1,950,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Kimberly-Clark by 74.1% in the fourth 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 last quarter. The Manufacturers Life Insurance Company grew its position in Kimberly-Clark by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock worth $46,923,000 after acquiring an additional 24,698 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Kimberly-Clark by 44.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after purchasing an additional 87,455 shares in the last quarter. Main Street Financial Solutions LLC increased its holdings in Kimberly-Clark by 11.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after purchasing an additional 326 shares in the last quarter. Finally, HUB Investment Partners LLC raised its position in Kimberly-Clark by 20.5% in the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock valued at $1,372,000 after purchasing an additional 1,811 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Down 0.6%

NASDAQ KMB opened at $110.34 on Thursday. The stock has a market capitalization of $36.70 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 5.29 and a beta of 0.26. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $131.53. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a fifty day moving average of $109.37 and a 200-day moving average of $103.63.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company’s revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $1.92 EPS. On average, equities research analysts forecast that Kimberly-Clark Corporation will post 7.42 EPS for the current 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 given a dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KMB shares. Barclays increased their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Piper Sandler reiterated an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. TD Cowen raised their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Finally, Freedom Capital raised shares of 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 issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark 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.