Kimberly-Clark Corporation $KMB Shares Purchased by Sarasin & Partners LLP

Sarasin & Partners LLP grew its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 88.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,048,544 shares of the company’s stock after acquiring an additional 963,978 shares during the quarter. Kimberly-Clark makes up approximately 2.5% of Sarasin & Partners LLP’s holdings, making the stock its 15th largest position. Sarasin & Partners LLP owned 0.62% of Kimberly-Clark worth $251,274,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark in the second quarter valued at approximately $25,000. Princeton Global Asset Management LLC raised its position in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after buying an additional 188 shares in the last quarter. Winnow Wealth LLC bought a new position in shares of Kimberly-Clark in the second quarter valued at approximately $27,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter worth approximately $27,000. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in shares of Kimberly-Clark by 105.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.8%

Shares of Kimberly-Clark stock opened at $100.65 on Friday. Kimberly-Clark Corporation has a 12-month low of $99.22 and a 12-month high of $150.45. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41. The stock has a 50 day moving average price of $108.66 and a two-hundred day moving average price of $121.85. The stock has a market capitalization of $33.40 billion, a P/E ratio of 17.03, a PEG ratio of 3.77 and a beta of 0.25.

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

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, December 5th. This represents a $5.04 annualized dividend and a yield of 5.0%. Kimberly-Clark’s dividend payout ratio is presently 85.28%.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research analyst reports. Piper Sandler reduced their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Barclays set a $132.00 target price on Kimberly-Clark in a research note on Monday, November 3rd. BNP Paribas Exane decreased their price target on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, December 1st. Morgan Stanley dropped their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Three equities 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $124.62.

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.