V. M. Manning & CO. Inc. Takes Position in Kimberly-Clark Corporation $KMB

V. M. Manning & CO. Inc. purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to its most recent filing with the SEC. The firm purchased 8,536 shares of the company’s stock, valued at approximately $1,103,000. Kimberly-Clark accounts for approximately 1.2% of V. M. Manning & CO. Inc.’s portfolio, making the stock its 19th largest position.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Kimberly-Clark by 14.8% during the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after purchasing an additional 5,200,011 shares in the last quarter. Norges Bank bought a new position in Kimberly-Clark during the second quarter worth about $556,114,000. Federated Hermes Inc. grew its stake in Kimberly-Clark by 350.2% in the second quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock valued at $204,105,000 after acquiring an additional 1,231,501 shares during the period. Balyasny Asset Management L.P. grew its stake in Kimberly-Clark by 32,568.4% in the second quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock valued at $126,138,000 after acquiring an additional 975,424 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Kimberly-Clark in the second quarter worth about $91,185,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KMB. UBS Group lifted their price objective on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a research note on Monday, December 8th. Citigroup lowered their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Cowen reiterated a “hold” rating on shares of Kimberly-Clark in a report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $126.00.

Kimberly-Clark Stock Down 0.3%

Kimberly-Clark stock opened at $103.15 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a 1-year low of $99.22 and a 1-year high of $150.45. The company has a fifty day simple moving average of $110.48 and a 200 day simple moving average of $123.11. The company has a market cap of $34.23 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 3.81 and a beta of 0.25.

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

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, December 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 85.28%.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.