Ieq Capital LLC Buys 13,802 Shares of Kimberly-Clark Co. $KMB

Key Points

• Ieq Capital LLC significantly increased its stake in Kimberly-Clark Co. by 178.8% during the first quarter, now owning 21,523 shares valued at approximately $3.06 million.
• Institutional investors own 76.29% of Kimberly-Clark's stock, with several hedge funds like GAMMA Investing LLC and Pacer Advisors Inc. substantially increasing their holdings in the same period.
• Kimberly-Clark announced a quarterly dividend of $1.26, yielding 3.9%, which will be payable on October 2nd to investors of record on September 5th.

Ieq Capital LLC grew its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 178.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,523 shares of the company's stock after acquiring an additional 13,802 shares during the period. Ieq Capital LLC's holdings in Kimberly-Clark were worth $3,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Cornerstone Wealth Management LLC raised its stake 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 acquiring an additional 74 shares during the last quarter. Tudor Financial Inc. raised its position in shares of 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 acquiring an additional 75 shares during the last quarter. Park National Corp OH raised its position in shares of 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 acquiring an additional 77 shares during the last quarter. Hoge Financial Services LLC raised its position in shares of 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 acquiring an additional 77 shares during the last quarter. Finally, Nwam LLC raised its position in shares of 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 acquiring an additional 77 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Up 0.6%

NYSE:KMB traded up $0.79 during trading hours on Thursday, hitting $128.79. The stock had a trading volume of 1,086,854 shares, compared to its average volume of 2,301,951. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The business's 50 day moving average is $130.48 and its 200-day moving average is $135.00. The company has a market cap of $42.73 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 4.46 and a beta of 0.32. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results 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. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Piper Sandler assumed coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 price target for the company. Finally, UBS Group dropped their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Three equities research 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. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $142.70.

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.