Allstate Corp Acquires New Shares in Kimberly-Clark Corporation $KMB

Allstate Corp acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,195 shares of the company’s stock, valued at approximately $1,516,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Kimberly-Clark by 14.8% during the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock valued at $5,212,942,000 after acquiring an additional 5,200,011 shares during the period. Norges Bank bought a new stake in Kimberly-Clark in the second quarter valued at about $556,114,000. Federated Hermes Inc. raised 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 in the last quarter. Balyasny Asset Management L.P. raised its position in Kimberly-Clark by 32,568.4% in the second 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 in the last quarter. Finally, Sarasin & Partners LLP lifted its stake in Kimberly-Clark by 88.9% during the third quarter. Sarasin & Partners LLP now owns 2,048,544 shares of the company’s stock worth $251,274,000 after purchasing an additional 963,978 shares during the period. 76.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KMB shares. Morgan Stanley dropped their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Monday, December 29th. Royal Bank Of Canada restated an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a research note on Tuesday, October 28th. UBS Group dropped their target price on shares of Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Finally, Citigroup reduced their target price on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $117.69.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $101.48 on Wednesday. The company has a market cap of $33.68 billion, a PE ratio of 17.17, a PEG ratio of 3.81 and a beta of 0.26. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a 1 year low of $96.26 and a 1 year high of $150.45. The company’s 50-day moving average is $102.35 and its two-hundred day moving average is $116.93.

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

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a yield of 5.0%. Kimberly-Clark’s dividend payout ratio (DPR) is 85.28%.

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.