Quantbot Technologies LP Purchases Shares of 76,882 Kimberly-Clark Corporation $KMB

Quantbot Technologies LP acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 76,882 shares of the company’s stock, valued at approximately $8,439,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the second quarter valued at approximately $27,000. CrossGen Wealth LLC purchased a new stake in Kimberly-Clark during the fourth quarter worth approximately $27,000. Motiv8 Investments LLC purchased a new stake in Kimberly-Clark during the fourth quarter worth approximately $31,000. Finally, Entrust Financial LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter worth $32,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.6%

Shares of NASDAQ:KMB opened at $109.31 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The company has a fifty day simple moving average of $108.89 and a 200 day simple moving average of $103.43. The firm has a market cap of $36.35 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 5.20 and a beta of 0.26. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $134.38.

Kimberly-Clark (NASDAQ:KMB) last posted 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 company had revenue of $4.19 billion during 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% on a year-over-year basis. During the same period in the prior year, the company earned $1.92 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is 87.07%.

Analyst Ratings Changes

Several equities analysts recently weighed in on KMB shares. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. UBS Group increased their price target on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Wells Fargo & Company raised their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $117.93.

About Kimberly-Clark

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.