NEOS Investment Management LLC Boosts Holdings in Kimberly-Clark Corporation $KMB

NEOS Investment Management LLC boosted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 14.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,467 shares of the company’s stock after acquiring an additional 6,587 shares during the period. NEOS Investment Management LLC’s holdings in Kimberly-Clark were worth $5,869,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC grew its holdings in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after buying an additional 2,765 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Kimberly-Clark by 7.3% in the second 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 raised its holdings in shares of Kimberly-Clark by 44.3% in the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock worth $36,698,000 after acquiring an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC lifted its position in shares of Kimberly-Clark by 11.0% in the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after acquiring an additional 326 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its position in shares of Kimberly-Clark by 20.5% in the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock valued at $1,372,000 after acquiring an additional 1,811 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $104.96 on Monday. The firm has a market capitalization of $34.91 billion, a P/E ratio of 17.85, a PEG ratio of 4.39 and a beta of 0.25. The stock has a fifty day moving average price of $109.83 and a 200 day moving average price of $103.68. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $131.53. 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 issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The business 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%.The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 earnings per share. Equities research analysts anticipate that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.07%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. 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 boosted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company upped their price objective on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.