Point72 Hong Kong Ltd Raises Stake in Kimberly-Clark Co. (NYSE:KMB)

Point72 Hong Kong Ltd raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 62,496.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,307 shares of the company's stock after purchasing an additional 118,118 shares during the period. Kimberly-Clark accounts for approximately 1.0% of Point72 Hong Kong Ltd's investment portfolio, making the stock its 24th biggest holding. Point72 Hong Kong Ltd's holdings in Kimberly-Clark were worth $16,350,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KMB. Price T Rowe Associates Inc. MD lifted its stake in Kimberly-Clark by 19.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company's stock worth $762,279,000 after purchasing an additional 944,920 shares in the last quarter. Capital World Investors grew its position in Kimberly-Clark by 17.8% in the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company's stock valued at $293,559,000 after acquiring an additional 342,790 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company's stock worth $267,383,000 after acquiring an additional 354,501 shares during the period. Nordea Investment Management AB boosted its stake in shares of Kimberly-Clark by 2.9% in the 1st quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company's stock valued at $222,093,000 after buying an additional 48,103 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Kimberly-Clark by 48.4% in the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company's stock valued at $213,539,000 after purchasing an additional 503,839 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KMB shares. TD Cowen began coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $161.00 price target for the company. JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $123.00 to $135.00 and gave the stock an "underweight" rating in a research report on Monday, July 22nd. Bank of America raised Kimberly-Clark from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $115.00 to $160.00 in a research note on Thursday, June 13th. Wells Fargo & Company cut their price target on Kimberly-Clark from $138.00 to $134.00 and set an "equal weight" rating for the company in a report on Wednesday, July 24th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of "Hold" and an average target price of $145.67.

Kimberly-Clark Trading Up 0.1 %

KMB stock traded up $0.15 during midday trading on Wednesday, reaching $141.20. The company's stock had a trading volume of 1,682,708 shares, compared to its average volume of 2,134,861. The business's 50-day simple moving average is $142.27 and its 200-day simple moving average is $136.39. The stock has a market cap of $47.56 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $149.30. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.25. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business's revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.46%. Kimberly-Clark's dividend payout ratio (DPR) is currently 89.71%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the company's stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the company's stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares of the company's stock, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Insiders own 0.62% of the company's stock.

About Kimberly-Clark

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.