Jain Global LLC Buys New Holdings in Kimberly-Clark Corporation $KMB

Jain Global LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 96,289 shares of the company’s stock, valued at approximately $11,973,000.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in Kimberly-Clark by 186.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 43,492 shares of the company’s stock worth $5,408,000 after buying an additional 28,335 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Kimberly-Clark by 2.5% in the 3rd quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock valued at $301,448,000 after acquiring an additional 58,978 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Kimberly-Clark by 3.4% during the 2nd quarter. Franklin Resources Inc. now owns 591,145 shares of the company’s stock worth $76,234,000 after acquiring an additional 19,298 shares in the last quarter. Synergy Asset Management LLC raised its position in shares of Kimberly-Clark by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 38,260 shares of the company’s stock worth $4,932,000 after acquiring an additional 19,130 shares in the last quarter. Finally, Hudson Bay Capital Management LP lifted its stake in Kimberly-Clark by 5,751.6% during the second quarter. Hudson Bay Capital Management LP now owns 94,211 shares of the company’s stock worth $12,146,000 after purchasing an additional 92,601 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KMB. Wells Fargo & Company set a $110.00 price target on shares of Kimberly-Clark in a research note on Tuesday, February 17th. Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. TD Cowen lowered their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Finally, BNP Paribas Exane reiterated a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a research note on Monday, December 1st. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $116.42.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $100.26 on Tuesday. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The firm has a market cap of $33.28 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 3.51 and a beta of 0.24. The firm’s fifty day moving average price is $103.37 and its 200 day moving average price is $109.77. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $147.12.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. Kimberly-Clark’s quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a $1.28 dividend. The ex-dividend date is Friday, March 6th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a yield of 5.1%. Kimberly-Clark’s payout ratio is 84.35%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

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.