TD Waterhouse Canada Inc. Has $19.46 Million Stake in Kimberly-Clark Corporation $KMB

TD Waterhouse Canada Inc. grew its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 174,619 shares of the company’s stock after purchasing an additional 8,523 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.05% of Kimberly-Clark worth $19,463,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in KMB. Ally Financial Inc. acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $1,009,000. Legal & General Group Plc acquired a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $223,668,000. Westpac Banking Corp increased its holdings in shares of Kimberly-Clark by 25.0% in the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after purchasing an additional 10,811 shares in the last quarter. Oddo BHF Asset Management Sas raised its position in Kimberly-Clark by 29.6% in the 4th quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock worth $6,234,000 after purchasing an additional 14,115 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Kimberly-Clark during the 4th quarter worth $1,047,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 2.8%

Kimberly-Clark stock opened at $104.96 on Friday. The firm has a market capitalization of $34.91 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 4.51 and a beta of 0.25. The company’s 50 day simple moving average is $109.83 and its 200 day simple moving average is $103.72. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $131.53.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm’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 EPS. As a group, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed 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 is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.9%. Kimberly-Clark’s dividend payout ratio is currently 87.07%.

Analysts Set New Price Targets

A number of research analysts have commented on KMB shares. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. UBS Group boosted their target price on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wells Fargo & Company upped their price target on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Finally, Piper Sandler reissued an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $117.93.

Kimberly-Clark Company 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.