Integrity Alliance LLC. Invests $311,000 in Kimberly-Clark Co. $KMB

Key Points

• Integrity Alliance LLC invested $311,000 in Kimberly-Clark Co., acquiring 2,189 shares as reported in their recent filing with the SEC.
• Several institutional investors increased their stakes, with 76.29% of the company's stock now owned by institutional investors.
• Kimberly-Clark recently reported earnings of $1.92 per share, exceeding analysts' estimates, but its revenue was down 1.6% year-over-year, totaling $4.16 billion.

Integrity Alliance LLC. purchased a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,189 shares of the company's stock, valued at approximately $311,000.

Several other hedge funds also recently made changes to their positions in the stock. Elevate Capital Advisors LLC boosted its stake in Kimberly-Clark by 46.4% during the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock valued at $1,770,000 after buying an additional 3,944 shares during the period. Citigroup Inc. lifted its stake in Kimberly-Clark by 86.8% during the first quarter. Citigroup Inc. now owns 509,585 shares of the company's stock worth $72,473,000 after purchasing an additional 236,733 shares during the last quarter. Unigestion Holding SA lifted its stake in Kimberly-Clark by 8.2% during the first quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock worth $18,145,000 after purchasing an additional 9,643 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Kimberly-Clark by 270.2% during 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. Finally, Farmers Trust Co. lifted its stake in Kimberly-Clark by 108.6% during the first quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock worth $6,412,000 after purchasing an additional 23,472 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 2.0%

Kimberly-Clark stock traded down $2.52 during midday trading on Monday, reaching $125.47. The company's stock had a trading volume of 3,077,549 shares, compared to its average volume of 2,306,897. The stock's 50-day simple moving average is $130.21 and its 200-day simple moving average is $134.39. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The stock has a market capitalization of $41.63 billion, a P/E ratio of 16.62, a PEG ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $4.85 billion. During the same period last year, the business posted $1.96 earnings per share. The firm's revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 69.42%.

Analyst Ratings Changes

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

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.