Kimberly-Clark Co. $KMB Shares Acquired by Guggenheim Capital LLC

Key Points

• Guggenheim Capital LLC increased its holdings in Kimberly-Clark Co. by 5.0%, owning 81,199 shares valued at $11.55 million.
• Kimberly-Clark's quarterly earnings were reported at $1.92 EPS, exceeding analyst estimates, although the company's revenue fell 1.6% year-over-year.
• The company declared a quarterly dividend of $1.26, resulting in an annualized yield of 3.9% with a payout ratio of 69.42%.

Guggenheim Capital LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,199 shares of the company's stock after buying an additional 3,832 shares during the period. Guggenheim Capital LLC's holdings in Kimberly-Clark were worth $11,548,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ieq Capital LLC lifted its position in Kimberly-Clark by 178.8% during the first quarter. Ieq Capital LLC now owns 21,523 shares of the company's stock valued at $3,061,000 after buying an additional 13,802 shares in the last quarter. CreativeOne Wealth LLC lifted its position in Kimberly-Clark by 4.4% during the first quarter. CreativeOne Wealth LLC now owns 14,807 shares of the company's stock valued at $2,106,000 after buying an additional 625 shares in the last quarter. NCM Capital Management LLC lifted its position in Kimberly-Clark by 4.9% during the first quarter. NCM Capital Management LLC now owns 2,135 shares of the company's stock valued at $304,000 after buying an additional 100 shares in the last quarter. Apexium Financial LP lifted its position in Kimberly-Clark by 33.3% during the first quarter. Apexium Financial LP now owns 12,334 shares of the company's stock valued at $1,770,000 after buying an additional 3,081 shares in the last quarter. Finally, Freedom Investment Management Inc. purchased a new stake in shares of Kimberly-Clark during the first quarter valued at approximately $300,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMB has been the topic of a number of analyst reports. UBS Group dropped their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Barclays lifted their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Piper Sandler initiated coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and an average target price of $142.70.

Kimberly-Clark Stock Performance

KMB stock traded up $0.42 during trading on Monday, hitting $129.14. 1,785,551 shares of the company's stock traded hands, compared to its average volume of 2,309,663. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The stock has a fifty day moving average price of $130.53 and a two-hundred day moving average price of $135.12. The stock has a market capitalization of $42.85 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its 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. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. 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 previous year, the firm earned $1.96 earnings per share. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

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.