Golden State Equity Partners Increases Stake in Kimberly-Clark Co. $KMB

Key Points

• Golden State Equity Partners increased its stake in Kimberly-Clark Co. by 93.3%, acquiring 2,881 additional shares, bringing its total ownership to 5,969 shares valued at $770,000.
• Multiple institutional investors, including Brighton Jones LLC and Vise Technologies Inc., have also significantly boosted their stakes in Kimberly-Clark in recent quarters, indicating strong interest in the company.
• Kimberly-Clark recently reported quarterly earnings of $1.92 per share, exceeding expectations, though its revenue of $4.16 billion fell short of analysts' estimates of $4.85 billion.

Golden State Equity Partners boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 93.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,969 shares of the company's stock after acquiring an additional 2,881 shares during the quarter. Golden State Equity Partners' holdings in Kimberly-Clark were worth $770,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after acquiring an additional 2,765 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Kimberly-Clark in the fourth quarter worth approximately $2,002,000. Vise Technologies Inc. boosted its stake in shares of Kimberly-Clark by 93.5% in the fourth quarter. Vise Technologies Inc. now owns 5,532 shares of the company's stock worth $725,000 after acquiring an additional 2,673 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Kimberly-Clark by 19.5% in the fourth quarter. Mackenzie Financial Corp now owns 86,781 shares of the company's stock worth $11,372,000 after acquiring an additional 14,172 shares during the last quarter. Finally, Ascent Group LLC boosted its stake in shares of Kimberly-Clark by 6.5% in the fourth quarter. Ascent Group LLC now owns 9,880 shares of the company's stock worth $1,295,000 after acquiring an additional 606 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group lowered their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Piper Sandler assumed coverage on Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective on the stock. Barclays boosted their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Evercore ISI lowered their price objective on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target of $142.20.

Kimberly-Clark Trading Down 0.4%

KMB opened at $124.07 on Tuesday. Kimberly-Clark Co. has a 12 month low of $123.80 and a 12 month high of $150.45. The stock has a market capitalization of $41.16 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 4.46 and a beta of 0.32. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The business has a fifty day moving average price of $129.67 and a 200 day moving average price of $133.77.

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

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio is currently 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.

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