Governors Lane LP Has $10.01 Million Position in Kimberly-Clark Corporation $KMB

Governors Lane LP increased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 742.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,148 shares of the company’s stock after buying an additional 80,335 shares during the quarter. Governors Lane LP’s holdings in Kimberly-Clark were worth $10,005,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System grew its stake in shares of Kimberly-Clark by 11,088.4% during the 2nd quarter. California State Teachers Retirement System now owns 43,186,921 shares of the company’s stock worth $4,740,628,000 after acquiring an additional 42,800,922 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Kimberly-Clark in the second quarter worth $3,547,915,000. State Street Corp lifted its position in shares of Kimberly-Clark by 1.4% in the fourth quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after purchasing an additional 294,228 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Kimberly-Clark by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after purchasing an additional 299,382 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Kimberly-Clark by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock valued at $836,216,000 after purchasing an additional 65,619 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KMB shares. Wells Fargo & Company boosted their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Piper Sandler restated an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, TD Cowen increased their price target on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Stock Down 1.9%

Shares of KMB stock opened at $102.93 on Wednesday. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $131.53. The stock has a market cap of $34.23 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.39 and a beta of 0.25. The firm’s 50-day moving average is $109.60 and its 200-day moving average is $103.62. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The business 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%.The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 EPS. Sell-side analysts predict that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.0%. Kimberly-Clark’s payout ratio is presently 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.