Janus Henderson Group PLC Raises Stock Holdings in Kimberly-Clark Corporation $KMB

Janus Henderson Group PLC grew its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 108.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,161 shares of the company’s stock after acquiring an additional 32,891 shares during the quarter. Janus Henderson Group PLC’s holdings in Kimberly-Clark were worth $6,094,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Greatmark Investment Partners Inc. boosted its holdings in Kimberly-Clark by 2.9% in the fourth quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock worth $356,000 after purchasing an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Kimberly-Clark by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock worth $3,834,000 after purchasing an additional 100 shares during the period. New Mexico Educational Retirement Board raised its stake in Kimberly-Clark by 0.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after buying an additional 100 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Kimberly-Clark by 18.3% during the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after buying an additional 103 shares during the period. Finally, Core Wealth Partners LLC lifted its holdings in shares of Kimberly-Clark by 2.6% during the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock valued at $439,000 after buying an additional 112 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KMB has been the subject of several research analyst reports. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. TD Cowen increased their target price on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday. Wells Fargo & Company raised their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Bank of America reduced their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $117.93.

Kimberly-Clark Trading Down 3.3%

NASDAQ:KMB opened at $108.66 on Friday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $137.46. The business has a fifty day moving average price of $106.60 and a 200-day moving average price of $102.79. The firm has a market capitalization of $36.14 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 4.87 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.55.

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 net margin of 11.79% and a return on equity of 143.92%. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter last year, the firm posted $1.92 earnings per share. Kimberly-Clark’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side 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 given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s payout ratio is presently 87.07%.

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.