Lecap Asset Management Ltd. Purchases New Shares in Kimberly-Clark Co. (NYSE:KMB)

Lecap Asset Management Ltd. bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,835 shares of the company's stock, valued at approximately $1,399,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mattern Wealth Management LLC lifted its holdings in Kimberly-Clark by 37.8% during the first quarter. Mattern Wealth Management LLC now owns 3,555 shares of the company's stock worth $506,000 after acquiring an additional 975 shares during the period. Field & Main Bank grew its position in Kimberly-Clark by 25.2% during the first quarter. Field & Main Bank now owns 3,400 shares of the company's stock valued at $484,000 after buying an additional 685 shares during the period. Silver Lake Advisory LLC increased its holdings in Kimberly-Clark by 0.9% during the first quarter. Silver Lake Advisory LLC now owns 12,000 shares of the company's stock worth $1,707,000 after buying an additional 104 shares during the last quarter. International Assets Investment Management LLC raised its position in Kimberly-Clark by 7.3% in the first quarter. International Assets Investment Management LLC now owns 2,182 shares of the company's stock worth $310,000 after acquiring an additional 148 shares during the period. Finally, Cornerstone Wealth Group LLC boosted its stake in Kimberly-Clark by 4.6% in the first quarter. Cornerstone Wealth Group LLC now owns 3,739 shares of the company's stock valued at $532,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

Shares of KMB stock traded up $1.05 during trading on Friday, hitting $127.89. The company had a trading volume of 1,935,073 shares, compared to its average volume of 2,207,547. 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 $42.44 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock's 50-day moving average is $134.93 and its two-hundred day moving average is $134.74.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period last year, the firm posted $2.01 EPS. As a group, analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be issued a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.94%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider now owns 3,997 shares of the company's stock, valued at $518,410.90. This represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Piper Sandler cut their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Royal Bank Of Canada dropped their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $143.50.

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.