Leo Wealth LLC Acquires 10,332 Shares of Kimberly-Clark Corporation $KMB

Key Points

• Leo Wealth LLC acquired 10,332 Kimberly-Clark shares worth approximately $1.0 million in the third quarter. Institutional investors collectively own 76.29% of KMB.
• Kimberly-Clark reported quarterly EPS of $1.80, missing the $2.01 consensus estimate, while revenue reached $4.19 billion and increased 0.6% year over year.
• The company pays a quarterly dividend of $1.28 per share, or $5.12 annually, representing a 4.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $115.73.

Leo Wealth LLC acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,332 shares of the company's stock, valued at approximately $1,007,000.

Several other large investors have also bought and sold shares of KMB. Edmond DE Rothschild Holding S.A. purchased a new position in Kimberly-Clark in the 2nd quarter worth about $32,000. Ancora Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $32,000. Clearstead Trust LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $33,000. Markowski Investments purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $36,000. Finally, Avalon Trust Co bought a new stake in shares of Kimberly-Clark in the second quarter worth approximately $37,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $109.63 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $123.09. The business has a 50-day moving average price of $102.81 and a 200-day moving average price of $102.75. The firm has a market cap of $36.46 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 5.96 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). The company had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. Kimberly-Clark's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $1.92 EPS. As a group, equities research analysts predict that Kimberly-Clark Corporation will post 6.83 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, September 4th. Kimberly-Clark's dividend payout ratio is presently 87.07%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMB. Freedom Capital raised Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. UBS Group increased their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. TD Cowen dropped their price objective on shares of Kimberly-Clark from $104.00 to $97.00 and set a "hold" rating on the stock in a report on Tuesday, October 13th. Piper Sandler dropped their price objective on shares of Kimberly-Clark from $121.00 to $118.00 and set an "overweight" rating on the stock in a report on Friday, September 11th. Finally, Zacks Research lowered shares of Kimberly-Clark from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and a consensus price target of $115.73.

Kimberly-Clark Profile

Kimberly-Clark Corporation NASDAQ: KMB is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company's well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.

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