Fourpath Capital Management LLC Has $924,000 Stock Holdings in Kimberly-Clark Co. $KMB

Key Points

• Fourpath Capital Management LLC increased its stake in Kimberly-Clark Co. by 75.8% during the second quarter, holding shares valued at $924,000.
• Kimberly-Clark reported earnings per share of $1.92 for the last quarter, exceeding estimates, although its revenue was down 1.6% year-over-year.
• The company declared a quarterly dividend of $1.26 per share with a dividend yield of 4.2%, reflecting a payout ratio of 69.42%.

Fourpath Capital Management LLC boosted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 75.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,169 shares of the company's stock after purchasing an additional 3,090 shares during the quarter. Fourpath Capital Management LLC's holdings in Kimberly-Clark were worth $924,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Pacer Advisors Inc. raised its holdings in shares of Kimberly-Clark by 2,982.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock worth $196,878,000 after acquiring an additional 1,339,413 shares during the last quarter. Nuveen LLC bought a new stake in Kimberly-Clark during the 1st quarter worth approximately $106,458,000. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock worth $140,043,000 after purchasing an additional 718,720 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Kimberly-Clark by 41.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company's stock valued at $334,406,000 after purchasing an additional 687,868 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Kimberly-Clark by 6.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company's stock valued at $1,601,968,000 after purchasing an additional 674,046 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $119.55 on Friday. The company's 50-day moving average is $128.40 and its 200 day moving average is $132.22. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a market capitalization of $39.66 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a fifty-two week low of $119.36 and a fifty-two week high of $150.45.

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

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark's payout ratio is 69.42%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KMB shares. Piper Sandler decreased their price target on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, October 2nd. Barclays cut their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 1st. Citigroup lowered their target price on shares of Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating for the company in a report on Thursday. UBS Group cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $138.22.

Kimberly-Clark Company Profile

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.

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