Landscape Capital Management L.L.C. Takes $1.70 Million Position in Kimberly-Clark Co. $KMB

Key Points

• Landscape Capital Management has acquired a new stake in Kimberly-Clark Co., purchasing 11,972 shares valued at approximately $1.70 million during the first quarter.
• Kimberly-Clark reported quarterly earnings of $1.92 per share, surpassing the consensus estimate of $1.67, although revenue declined by 1.6% year-over-year.
• The company recently announced a quarterly dividend of $1.26, representing a 3.9% yield, with shareholders of record set to be paid on October 2nd.

Landscape Capital Management L.L.C. bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,972 shares of the company's stock, valued at approximately $1,703,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC lifted its holdings in shares of Kimberly-Clark by 1.9% during the 1st quarter. Transamerica Financial Advisors LLC now owns 8,207 shares of the company's stock valued at $1,168,000 after acquiring an additional 156 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of Kimberly-Clark by 5.0% during the first quarter. Guggenheim Capital LLC now owns 81,199 shares of the company's stock worth $11,548,000 after purchasing an additional 3,832 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Kimberly-Clark by 178.8% in the first quarter. Ieq Capital LLC now owns 21,523 shares of the company's stock worth $3,061,000 after buying an additional 13,802 shares during the period. CreativeOne Wealth LLC grew its stake in shares of Kimberly-Clark by 4.4% in 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. Finally, NCM Capital Management LLC raised its holdings in shares of Kimberly-Clark by 4.9% during the 1st 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 during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on KMB. UBS Group lowered their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Piper Sandler began coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. Barclays lifted their price target on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Three 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, the company presently has an average rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded down $1.40 on Wednesday, hitting $127.44. The company's stock had a trading volume of 660,139 shares, compared to its average volume of 2,297,534. The company has a market capitalization of $42.28 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth 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 Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The stock's 50-day moving average is $130.49 and its two-hundred day moving average is $135.05.

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

Kimberly-Clark Announces Dividend

The company also recently announced 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. This represents a $5.04 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's dividend payout ratio is 69.42%.

About Kimberly-Clark

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.