Kimberly-Clark Corporation $KMB Shares Purchased by Saudi Central Bank

Saudi Central Bank lifted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 89.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,235 shares of the company’s stock after buying an additional 10,986 shares during the period. Saudi Central Bank’s holdings in Kimberly-Clark were worth $2,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the second quarter valued at approximately $27,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $25,000. CrossGen Wealth LLC acquired a new position in Kimberly-Clark during the 4th quarter valued at approximately $27,000. Ancora Advisors LLC acquired a new position in Kimberly-Clark during the 2nd quarter valued at approximately $32,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Kimberly-Clark during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Barclays boosted their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. TD Cowen lifted their target price on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. UBS Group boosted their price target on 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 raised Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. One research 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $104.96 on Tuesday. The firm has a 50 day simple moving average of $109.73 and a 200-day simple moving average of $103.67. 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 stock has a market capitalization of $34.91 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 4.39 and a beta of 0.25. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $131.53.

Kimberly-Clark (NASDAQ:KMB) last announced 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). The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.Kimberly-Clark’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.92 EPS. As a group, equities research analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s payout ratio is currently 87.07%.

Kimberly-Clark 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.