AEGON ASSET MANAGEMENT UK Plc Has $53.27 Million Position in Kimberly-Clark Corporation $KMB

AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 34.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 428,520 shares of the company’s stock after purchasing an additional 109,075 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.13% of Kimberly-Clark worth $53,274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark during the second quarter worth approximately $25,000. True Wealth Design LLC boosted its stake in shares of Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the period. Princeton Global Asset Management LLC increased its holdings in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares during the last quarter. Winnow Wealth LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at $27,000. Finally, Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 2nd quarter valued at $27,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Performance

KMB opened at $102.23 on Monday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. Kimberly-Clark Corporation has a 52-week low of $96.26 and a 52-week high of $150.45. The firm has a market cap of $33.93 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 3.92 and a beta of 0.26. The business’s fifty day moving average is $102.19 and its 200-day moving average is $116.29.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results 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 the consensus estimate of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.Kimberly-Clark’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 earnings per share. Sell-side analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a dividend of $1.26 per share. The ex-dividend date was Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 85.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KMB shares. Piper Sandler decreased their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. UBS Group lowered their price target on shares of Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. BNP Paribas Exane restated a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. Finally, Barclays set a $102.00 target price on Kimberly-Clark in a research note on Friday, January 16th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $118.33.

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.