DoubleLine ETF Adviser LP Purchases New Holdings in Kimberly-Clark Corporation $KMB

Key Points

• DoubleLine ETF Adviser LP acquired a new position in Kimberly‑Clark, purchasing 17,622 shares in Q3 valued at about $2.19 million.
• Kimberly‑Clark raised its quarterly dividend to $1.28 per share (annualized $5.12), a ~5.2% yield; the ex-dividend date is March 6 and the dividend is payable April 2.
• The company reported Q results of $1.86 EPS (beating the $1.81 estimate) while revenue slipped slightly year-over-year, and analysts maintain a consensus "Hold" rating with a $116.42 target.

DoubleLine ETF Adviser LP acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,622 shares of the company's stock, valued at approximately $2,191,000.

Other large investors have also modified their holdings of the company. Empirical Finance LLC lifted its holdings in Kimberly-Clark by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 11,876 shares of the company's stock valued at $1,531,000 after buying an additional 76 shares in the last quarter. Monarch Capital Management Inc. raised its stake in shares of Kimberly-Clark by 1.9% during the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company's stock valued at $568,000 after acquiring an additional 81 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of Kimberly-Clark by 3.5% in the third quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company's stock valued at $321,000 after purchasing an additional 87 shares during the period. Good Life Advisors LLC boosted its holdings in shares of Kimberly-Clark by 5.6% in the second quarter. Good Life Advisors LLC now owns 1,676 shares of the company's stock valued at $216,000 after purchasing an additional 89 shares during the period. Finally, Evelyn Partners Investment Management Services Ltd grew its stake in Kimberly-Clark by 9.4% in the second quarter. Evelyn Partners Investment Management Services Ltd now owns 1,075 shares of the company's stock worth $139,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 Friday. The firm's 50 day simple moving average is $103.32 and its two-hundred day simple moving average is $110.11. Kimberly-Clark Corporation has a 12-month low of $96.26 and a 12-month high of $147.12. 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 firm has a market capitalization 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 (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the company earned $1.50 earnings per share. The company's revenue was down .6% on a year-over-year basis. Analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup decreased their target price on Kimberly-Clark from $95.00 to $90.00 and set a "sell" rating for the company in a research report on Wednesday, January 14th. UBS Group raised their price target on Kimberly-Clark from $107.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, January 28th. Barclays set a $102.00 price objective on Kimberly-Clark in a report on Friday, January 16th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Kimberly-Clark in a research note on Monday, December 29th. Finally, Zacks Research cut shares of Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $116.42.

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.

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