Fox Run Management L.L.C. Takes $825,000 Position in Kimberly-Clark Co. $KMB

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Kimberly-Clark Co. by purchasing 5,803 shares valued at approximately $825,000.
• Several institutional investors, including Citigroup and Elevate Capital Advisors, significantly increased their holdings in Kimberly-Clark during the first quarter, showcasing growing interest in the company.
• Kimberly-Clark recently declared a quarterly dividend of $1.26 per share, representing an annualized yield of 3.8% and a payout ratio of 69.42%.

Fox Run Management L.L.C. acquired a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,803 shares of the company's stock, valued at approximately $825,000.

A number of other institutional investors have also made changes to their positions in the business. Cornerstone Wealth Management LLC lifted its position in shares of Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after purchasing an additional 74 shares in the last quarter. Tudor Financial Inc. increased its holdings in Kimberly-Clark by 3.8% during the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after buying an additional 75 shares during the last quarter. Park National Corp OH increased its holdings in Kimberly-Clark by 2.6% during the first quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after buying an additional 77 shares during the last quarter. Hoge Financial Services LLC increased its holdings in Kimberly-Clark by 4.2% during the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after buying an additional 77 shares during the last quarter. Finally, Nwam LLC increased its holdings in Kimberly-Clark by 1.2% during the first quarter. Nwam LLC now owns 6,386 shares of the company's stock worth $908,000 after buying an additional 77 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

KMB has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Evercore ISI lowered their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Piper Sandler initiated coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Finally, Royal Bank Of Canada lowered their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded down $1.61 on Monday, hitting $131.33. The company had a trading volume of 2,566,397 shares, compared to its average volume of 2,332,886. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The stock has a market cap of $43.57 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 4.46 and a beta of 0.33. The stock has a 50 day moving average price of $130.39 and a 200 day moving average price of $135.12. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released 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. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 earnings per share. Analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's payout ratio is presently 69.42%.

Kimberly-Clark 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.