Aquatic Capital Management LLC Takes $11.20 Million Position in Kimberly-Clark Corporation $KMB

Key Points

• Aquatic Capital Management initiated a new position in Kimberly‑Clark, buying 90,054 shares worth about $11.20 million in the third quarter.
• Kimberly‑Clark raised its quarterly dividend to $1.28 (annualized $5.12), implying a ~5.2% yield, with the ex‑dividend/record date on March 6 and payment on April 2.
• Wall Street has a consensus "Hold" rating with a $116.42 target; the company recently reported mixed results—EPS of $1.86 beat estimates while revenue of $4.08B slightly missed and was down 0.6% year‑over‑year.

Aquatic Capital Management LLC bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 90,054 shares of the company's stock, valued at approximately $11,197,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. Brighton Jones LLC increased its stake in shares of 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 during the period. SBI Securities Co. Ltd. lifted its stake in Kimberly-Clark by 4.6% in the second quarter. SBI Securities Co. Ltd. now owns 2,218 shares of the company's stock worth $286,000 after acquiring an additional 97 shares during the last quarter. Good Life Advisors LLC grew its holdings in Kimberly-Clark by 5.6% during the 2nd quarter. Good Life Advisors LLC now owns 1,676 shares of the company's stock worth $216,000 after acquiring an additional 89 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in Kimberly-Clark by 1.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 7,665 shares of the company's stock worth $988,000 after acquiring an additional 117 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Kimberly-Clark by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 81,380 shares of the company's stock valued at $10,492,000 after purchasing an additional 5,528 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays set a $102.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 16th. TD Cowen dropped their target price on Kimberly-Clark from $112.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, January 8th. Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a research note on Tuesday, February 17th. Zacks Research downgraded Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Finally, BNP Paribas Exane reaffirmed a "neutral" rating and set a $110.00 price objective on shares of Kimberly-Clark in a research report on Monday, December 1st. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $116.42.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the business's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.64% of the company's stock.

Kimberly-Clark Trading Up 1.0%

Shares of Kimberly-Clark stock opened at $98.84 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The company has a fifty day simple moving average of $103.32 and a 200-day simple moving average of $109.97. The stock has a market cap of $32.81 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 3.51 and a beta of 0.24. Kimberly-Clark Corporation has a 12-month low of $96.26 and a 12-month high of $147.12.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period last year, the business earned $1.50 EPS. Kimberly-Clark's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. Kimberly-Clark's payout ratio is presently 84.35%.

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.

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