Johnson Financial Group Inc. Acquires Shares of 12,828 Kimberly-Clark Corporation $KMB

Johnson Financial Group Inc. bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,828 shares of the company’s stock, valued at approximately $1,425,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Kimberly-Clark by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock valued at $4,121,027,000 after purchasing an additional 315,981 shares in the last quarter. BlackRock Inc. purchased a new position in Kimberly-Clark in the 2nd quarter worth about $3,547,915,000. State Street Corp raised its position in Kimberly-Clark by 1.4% in the 4th quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after buying an additional 294,228 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kimberly-Clark by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock valued at $1,202,322,000 after acquiring an additional 299,382 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Kimberly-Clark by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock valued at $836,216,000 after acquiring an additional 65,619 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $109.88 on Thursday. The firm has a market capitalization of $36.54 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 5.13 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The business has a 50 day simple moving average of $108.61 and a 200-day simple moving average of $103.33. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $136.17.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share 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 the consensus estimate of $4.22 billion. During the same period in the prior year, the firm posted $1.92 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays boosted 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. Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. UBS Group upped their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $117.93.

About Kimberly-Clark

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.