8,575 Shares in Kimberly-Clark Corporation $KMB Bought by EFG International AG

EFG International AG bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, Holdings Channel.com reports. The firm bought 8,575 shares of the company’s stock, valued at approximately $941,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMB. Godfrey Financial Associates Inc. bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $25,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark in the 2nd quarter valued at approximately $27,000. CrossGen Wealth LLC acquired a new stake in Kimberly-Clark in the 4th quarter worth approximately $27,000. Motiv8 Investments LLC acquired a new stake in Kimberly-Clark in the 4th quarter worth approximately $31,000. Finally, Entrust Financial LLC bought a new stake in Kimberly-Clark during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KMB shares. TD Cowen lifted their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Barclays raised their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. UBS Group boosted their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. 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 given a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $110.34 on Thursday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $131.53. The company has a market cap of $36.70 billion, a P/E ratio of 18.77, a P/E/G ratio of 5.29 and a beta of 0.26. The business’s 50 day moving average is $109.37 and its two-hundred day moving average is $103.63. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last released 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). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the company earned $1.92 earnings per share. Kimberly-Clark’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts expect that Kimberly-Clark Corporation will post 7.42 EPS for the current year.

Kimberly-Clark Announces Dividend

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

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.