Leo Wealth LLC Boosts Holdings in Kimberly-Clark Co. $KMB

Key Points

• Leo Wealth LLC increased its holdings in Kimberly-Clark Co. by 36.5% in the second quarter, owning a total of 21,257 shares valued at approximately $2.74 million.
• Wall Street analysts have mixed views on Kimberly-Clark, with ratings varying from "Buy" to "Sell" and a consensus price target of $138.78.
• Kimberly-Clark declared a quarterly dividend of $1.26 per share, amounting to an annualized dividend yield of 4.2%, with a payout ratio of 69.42%.

Leo Wealth LLC grew its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 36.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,257 shares of the company's stock after buying an additional 5,688 shares during the period. Leo Wealth LLC's holdings in Kimberly-Clark were worth $2,740,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KMB. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $25,000. First Pacific Financial purchased a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC boosted its position in shares of Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after purchasing an additional 125 shares during the period. Elequin Capital LP purchased a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $36,000. Finally, Rossby Financial LCC purchased a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $37,000. 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 research analyst reports. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. UBS Group lowered their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Wednesday. Piper Sandler lowered their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, October 2nd. Evercore ISI lowered their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, September 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $138.78.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $119.63 on Thursday. Kimberly-Clark Co. has a 52-week low of $119.54 and a 52-week high of $150.45. The company's 50 day moving average is $128.50 and its two-hundred day moving average is $132.35. The firm has a market cap of $39.69 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

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

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 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.

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