Cim Investment Management Inc. Buys 5,448 Shares of Kimberly-Clark Corporation $KMB

Cim Investment Management Inc. increased its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 99.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,918 shares of the company’s stock after purchasing an additional 5,448 shares during the period. Cim Investment Management Inc.’s holdings in Kimberly-Clark were worth $1,419,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised 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 acquiring an additional 5,200,011 shares during the last quarter. Norges Bank acquired a new stake in Kimberly-Clark in the second quarter worth about $556,114,000. Federated Hermes Inc. increased its position in Kimberly-Clark by 350.2% in the second quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock worth $204,105,000 after purchasing an additional 1,231,501 shares during the period. Balyasny Asset Management L.P. raised its holdings in Kimberly-Clark by 32,568.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock worth $126,138,000 after purchasing an additional 975,424 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Kimberly-Clark during the 2nd quarter valued at about $91,185,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Down 0.3%

Shares of NASDAQ KMB opened at $103.15 on Friday. Kimberly-Clark Corporation has a twelve month low of $99.22 and a twelve month high of $150.45. The stock has a market cap of $34.23 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 3.81 and a beta of 0.25. 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 company’s fifty day moving average is $110.48 and its 200-day moving average is $123.25.

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

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, December 5th. Kimberly-Clark’s payout ratio is 85.28%.

Analysts Set New Price Targets

KMB has been the subject of several analyst reports. Piper Sandler lowered their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Cowen reaffirmed a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday, November 4th. BNP Paribas Exane dropped their target price on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Kimberly-Clark in a research note on Monday, December 8th. Finally, Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $126.00.

Kimberly-Clark Company 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.