Investors Buy Shares of Kimberly Clark (KMB) on Weakness

Investors bought shares of Kimberly Clark Corp (NYSE:KMB) on weakness during trading on Thursday. $86.63 million flowed into the stock on the tick-up and $54.54 million flowed out of the stock on the tick-down, for a money net flow of $32.09 million into the stock. Of all companies tracked, Kimberly Clark had the 28th highest net in-flow for the day. Kimberly Clark traded down ($1.32) for the day and closed at $115.34

KMB has been the topic of a number of analyst reports. Bank of America lowered their target price on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Royal Bank of Canada restated a “hold” rating and set a $121.00 price target on shares of Kimberly Clark in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup reduced their price target on shares of Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $126.50.

The stock has a market capitalization of $40,620.00, a PE ratio of 19.06, a P/E/G ratio of 2.83 and a beta of 0.75. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. sell-side analysts predict that Kimberly Clark Corp will post 6.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were given a $0.97 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 annualized dividend and a yield of 3.36%. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.03%.

Large investors have recently made changes to their positions in the stock. Martin Investment Management LLC purchased a new position in Kimberly Clark in the second quarter worth $443,000. Capital Research Global Investors grew its position in Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after acquiring an additional 3,191,549 shares in the last quarter. Pax World Management LLC grew its position in Kimberly Clark by 7.7% in the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after acquiring an additional 200 shares in the last quarter. Boston Family Office LLC grew its position in Kimberly Clark by 0.8% in the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after acquiring an additional 90 shares in the last quarter. Finally, Strategy Asset Managers LLC grew its position in Kimberly Clark by 80.0% in the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock worth $404,000 after acquiring an additional 1,390 shares in the last quarter. Institutional investors own 71.46% of the company’s stock.

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Kimberly Clark Company Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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