Kimberly-Clark Corporation $KMB Shares Acquired by MGO One Seven LLC

MGO One Seven LLC lifted its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 35.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,166 shares of the company’s stock after purchasing an additional 5,312 shares during the period. MGO One Seven LLC’s holdings in Kimberly-Clark were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. Vanguard Group Inc. raised its position in shares of Kimberly-Clark by 14.8% in the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after acquiring an additional 5,200,011 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Kimberly-Clark by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,482,657 shares of the company’s stock worth $1,480,344,000 after purchasing an additional 218,644 shares during the period. Geode Capital Management LLC boosted its position in Kimberly-Clark by 4.6% during the second quarter. Geode Capital Management LLC now owns 8,254,137 shares of the company’s stock worth $1,065,423,000 after purchasing an additional 363,865 shares in the last quarter. Invesco Ltd. grew its holdings in Kimberly-Clark by 4.6% in the second quarter. Invesco Ltd. now owns 6,097,800 shares of the company’s stock valued at $786,128,000 after purchasing an additional 270,134 shares during the period. Finally, Norges Bank acquired a new stake in Kimberly-Clark in the second quarter valued at approximately $556,114,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays set a $132.00 target price on Kimberly-Clark in a research note on Monday, November 3rd. UBS Group upped their price objective on shares of Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Argus upgraded 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 report on Thursday, November 13th. BNP Paribas reissued a “neutral” rating and set a $110.00 target price on shares of Kimberly-Clark in a research note on Monday, December 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $122.31.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $98.73 on Wednesday. The stock has a market capitalization of $32.77 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 3.77 and a beta of 0.26. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $150.45. The firm has a 50-day simple moving average of $102.57 and a 200-day simple moving average of $118.04. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the prior year, the company earned $1.83 EPS. Kimberly-Clark’s revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a dividend of $1.26 per share. The ex-dividend date was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a yield of 5.1%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 85.28%.

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.