OVERSEA CHINESE BANKING Corp Ltd Makes New $27.95 Million Investment in Kimberly-Clark Corporation $KMB

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 254,632 shares of the company’s stock, valued at approximately $27,951,000.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its position in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after buying an additional 2,765 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Kimberly-Clark by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock worth $46,923,000 after buying an additional 24,698 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Kimberly-Clark by 44.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after buying an additional 87,455 shares in the last quarter. Main Street Financial Solutions LLC grew its holdings in Kimberly-Clark by 11.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after buying an additional 326 shares in the last quarter. Finally, HUB Investment Partners LLC increased its stake in shares of Kimberly-Clark by 20.5% in the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after acquiring an additional 1,811 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on KMB. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Finally, TD Cowen increased their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $108.69 on Friday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $134.38. The stock’s fifty day moving average is $108.75 and its two-hundred day moving average is $103.39. The company has a market capitalization of $36.15 billion, a P/E ratio of 18.48, a P/E/G ratio of 5.23 and a beta of 0.26. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share 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 analysts’ expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.92 earnings per share. Equities analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is 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.