Kimberly-Clark Co. $KMB Shares Acquired by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP has increased its stake in Kimberly-Clark Co. by 31.7%, acquiring an additional 7,354 shares, bringing its total holdings to approximately $4.35 million.
• Several analysts have revised their opinions on Kimberly-Clark, with Piper Sandler issuing an "overweight" rating while UBS Group has downgraded its price target from $146 to $139.
• Kimberly-Clark recently announced a quarterly dividend of $1.26 per share, with a dividend yield of 3.9% and an ex-dividend date set for September 5th.

Dark Forest Capital Management LP grew its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 31.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,586 shares of the company's stock after acquiring an additional 7,354 shares during the period. Dark Forest Capital Management LP's holdings in Kimberly-Clark were worth $4,350,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Elevate Capital Advisors LLC grew its stake in Kimberly-Clark by 46.4% in the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after acquiring an additional 3,944 shares in the last quarter. Citigroup Inc. grew its stake in Kimberly-Clark by 86.8% in the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company's stock worth $72,473,000 after acquiring an additional 236,733 shares in the last quarter. Unigestion Holding SA grew its stake in Kimberly-Clark by 8.2% in the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock worth $18,145,000 after acquiring an additional 9,643 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Kimberly-Clark by 270.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock worth $140,043,000 after acquiring an additional 718,720 shares in the last quarter. Finally, Farmers Trust Co. lifted its position in shares of Kimberly-Clark by 108.6% in the 1st quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock worth $6,412,000 after purchasing an additional 23,472 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 0.6%

Shares of KMB traded up $0.72 during midday trading on Friday, hitting $129.89. 2,186,999 shares of the company's stock traded hands, compared to its average volume of 2,307,223. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The firm's fifty day moving average is $130.57 and its 200-day moving average is $134.94. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market capitalization of $43.09 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's payout ratio is presently 69.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KMB. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler began coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target for the company. Barclays upped their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Finally, UBS Group lowered their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $142.70.

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.