Northwestern Mutual Wealth Management Co. Acquires New Holdings in Kimberly-Clark Corporation $KMB

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 56,845 shares of the company’s stock, valued at approximately $6,240,000.

Several other institutional investors and hedge funds also recently modified their holdings of KMB. Quantbot Technologies LP purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $8,439,000. X Square Capital LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $647,000. Emerald Investment Advisers LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $676,000. Westpac Banking Corp acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $1,815,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Kimberly-Clark in the 2nd quarter valued at approximately $4,071,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $109.31 on Monday. The company has a market cap of $36.35 billion, a P/E ratio of 18.59, a P/E/G ratio of 5.20 and a beta of 0.26. The business has a fifty day simple moving average of $108.89 and a 200-day simple moving average of $103.46. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $134.38. 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 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter last year, the company posted $1.92 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

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. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KMB. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Wells Fargo & Company boosted their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Barclays upped their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Finally, TD Cowen lifted their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. 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, the stock presently has an average rating of “Hold” and a consensus target price 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.