Kapitalo Investimentos Ltda Purchases Shares of 2,122 Kimberly-Clark Co. $KMB

Key Points

• Kapitalo Investimentos Ltda acquired a new position in Kimberly-Clark Co., purchasing 2,122 shares valued at approximately $274,000 during the second quarter.
• Hedge funds have shown increased interest, with Brighton Jones LLC growing its stake in Kimberly-Clark by 74.1% in the fourth quarter, while overall, hedge funds own 76.29% of the stock.
• Kimberly-Clark recently announced a quarterly dividend of $1.26 per share, reflecting an annualized dividend of $5.04 and a yield of 4.0%.

Kapitalo Investimentos Ltda acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,122 shares of the company's stock, valued at approximately $274,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Kimberly-Clark by 10,975.8% in the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock valued at $270,510,000 after purchasing an additional 1,884,877 shares during the last quarter. Pacer Advisors Inc. grew its position in Kimberly-Clark by 2,982.8% in the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock worth $196,878,000 after acquiring an additional 1,339,413 shares during the period. Trinity Financial Advisors LLC purchased a new position in Kimberly-Clark in the first quarter worth approximately $181,762,000. Nuveen LLC purchased a new stake in Kimberly-Clark in the first quarter valued at $106,458,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Kimberly-Clark by 270.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after purchasing an additional 718,720 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of recent analyst reports. Barclays raised their price objective 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 company 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 report on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective for the company. UBS Group dropped their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Finally, Evercore ISI lowered their price target on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and an average target price of $142.20.

Kimberly-Clark Stock Performance

NYSE KMB traded down $0.55 on Monday, reaching $124.07. The stock had a trading volume of 2,683,760 shares, compared to its average volume of 2,330,537. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a market cap of $41.16 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The business's 50-day moving average price is $129.67 and its 200 day moving average price is $133.77. Kimberly-Clark Co. has a 12-month low of $123.80 and a 12-month high of $150.45.

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

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.1%. 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.