Jupiter Topco LLC Makes New Investment in Kimberly-Clark Corporation $KMB

Key Points

• Jupiter Topco LLC purchased 56,610 Kimberly-Clark shares worth approximately $6.2 million during the second quarter. Institutional investors collectively own 76.29% of the company.
• Analyst sentiment remains mixed but leans positive, with a consensus “Hold” rating and an average price target of $117.93. Recent firms raised ratings or price targets, including Seaport Research Partners and Barclays.
• Kimberly-Clark reported quarterly earnings of $1.80 per share, below the $2.01 estimate, while revenue reached $4.19 billion. The company declared a quarterly dividend of $1.28 per share, equivalent to a 4.7% annualized yield.

Jupiter Topco LLC purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,610 shares of the company's stock, valued at approximately $6,213,000.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC increased its position in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after buying an additional 2,765 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Kimberly-Clark by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company's stock valued at $46,923,000 after acquiring an additional 24,698 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Kimberly-Clark by 44.3% during the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company's stock valued at $36,698,000 after acquiring an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC boosted its stake in shares of Kimberly-Clark by 11.0% during the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company's stock valued at $424,000 after acquiring an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC increased its position in Kimberly-Clark by 20.5% during the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company's stock worth $1,372,000 after purchasing an additional 1,811 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on KMB. Seaport Research Partners upgraded shares of Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. Piper Sandler reiterated an "overweight" rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. TD Cowen boosted their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a research report on Wednesday, August 5th. Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Finally, Barclays raised their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark has an average rating of "Hold" and a consensus price target of $117.93.

Kimberly-Clark Stock Down 1.5%

Shares of NASDAQ:KMB opened at $107.95 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The firm has a market cap of $35.90 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 5.22 and a beta of 0.26. The stock's 50-day moving average price is $109.81 and its two-hundred day moving average price is $103.72. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $131.53.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion for the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter in the previous year, the company earned $1.92 earnings per share. The company's revenue was up .6% on a year-over-year basis. On average, research analysts forecast that Kimberly-Clark Corporation will post 7.42 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark's dividend payout ratio (DPR) is currently 87.07%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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