Osaic Holdings Inc. Raises Holdings in Kimberly-Clark Corporation $KMB

Osaic Holdings Inc. lifted its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 15.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 142,545 shares of the company’s stock after acquiring an additional 18,923 shares during the quarter. Osaic Holdings Inc.’s holdings in Kimberly-Clark were worth $18,521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares in the last quarter. Brooklyn Investment Group lifted its position in Kimberly-Clark by 27.9% during the first quarter. Brooklyn Investment Group now owns 1,123 shares of the company’s stock valued at $160,000 after purchasing an additional 245 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in Kimberly-Clark by 33.6% during the first quarter. Aptus Capital Advisors LLC now owns 18,158 shares of the company’s stock valued at $2,582,000 after purchasing an additional 4,569 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Kimberly-Clark by 7.1% in the 1st quarter. Wellington Management Group LLP now owns 30,949 shares of the company’s stock worth $4,402,000 after buying an additional 2,065 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Kimberly-Clark by 3.2% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 94,671 shares of the company’s stock valued at $13,464,000 after buying an additional 2,954 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KMB has been the subject of several recent research reports. Morgan Stanley dropped their price target on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Barclays set a $132.00 target price on Kimberly-Clark in a research report on Monday, November 3rd. Citigroup lowered their price target on Kimberly-Clark from $100.00 to $95.00 and set a “sell” rating for the company in a research report on Wednesday. Piper Sandler cut their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Finally, Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Thursday, November 13th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $124.62.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $102.94 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41. The stock’s fifty day moving average is $109.40 and its two-hundred day moving average is $122.40. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45. The company has a market capitalization of $34.16 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 3.84 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $1.83 earnings per share. As a group, analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s payout ratio is 85.28%.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.