Daiichi Life Insurance Co. Ltd. Purchases New Position in Kimberly-Clark Corporation $KMB

Daiichi Life Insurance Co. Ltd. acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,221 shares of the company’s stock, valued at approximately $573,000.

A number of other institutional investors have also recently bought and sold shares of KMB. Oregon Public Employees Retirement Fund raised its holdings in Kimberly-Clark by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock worth $3,834,000 after purchasing an additional 100 shares during the period. New Mexico Educational Retirement Board grew its holdings in shares of Kimberly-Clark by 0.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after buying an additional 100 shares during the period. AdvisorNet Financial Inc increased its position in shares of Kimberly-Clark by 18.3% in the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after buying an additional 103 shares in the last quarter. Core Wealth Partners LLC increased its position in shares of Kimberly-Clark by 2.6% in the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock valued at $439,000 after buying an additional 112 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Kimberly-Clark by 0.6% during the 1st quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock worth $1,950,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on KMB. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. TD Cowen raised their price target on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Finally, UBS Group boosted their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given 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, the company presently has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Trading Up 1.9%

KMB opened at $111.37 on Tuesday. The stock has a market capitalization of $37.04 billion, a P/E ratio of 18.94, a P/E/G 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 $133.94. The firm’s fifty day simple moving average is $109.06 and its 200 day simple moving average is $103.54. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last announced 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). The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.Kimberly-Clark’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.92 earnings per share. As a group, research analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is currently 87.07%.

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.