MBB Public Markets I LLC Acquires New Shares in Kimberly-Clark Co. $KMB

Key Points

• MBB Public Markets I LLC has acquired a new stake in Kimberly-Clark Co. by purchasing 2,262 shares valued at approximately $322,000.
• Institutional investors now own 76.29% of the company, with significant increases in holdings reported by GAMMA Investing LLC and Pacer Advisors Inc. during the first quarter.
• Analysts have mixed opinions on Kimberly-Clark's stock, with three ratings as Buy, six as Hold, and one as Sell, and a consensus price target of $142.70.

MBB Public Markets I LLC purchased a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,262 shares of the company's stock, valued at approximately $322,000.

A number of other large investors also recently added to or reduced their stakes in KMB. Brighton Jones LLC increased its stake in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after acquiring an additional 2,765 shares during the last quarter. Focus Partners Wealth increased its stake in Kimberly-Clark by 239.4% in the 4th quarter. Focus Partners Wealth now owns 133,699 shares of the company's stock worth $17,613,000 after acquiring an additional 94,309 shares during the last quarter. Investor s Fiduciary Advisor Network LLC bought a new stake in Kimberly-Clark in the 4th quarter worth approximately $522,000. Lighthouse Investment Partners LLC bought a new stake in Kimberly-Clark in the 4th quarter worth approximately $590,000. Finally, Lazard Asset Management LLC increased its stake in Kimberly-Clark by 9.1% in the 4th quarter. Lazard Asset Management LLC now owns 664,297 shares of the company's stock worth $87,049,000 after acquiring an additional 55,395 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KMB. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. UBS Group reduced their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Piper Sandler began coverage on Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective on the stock. Finally, Barclays lifted their price objective 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. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Trading Down 1.1%

Shares of NYSE KMB traded down $1.48 during trading hours on Friday, hitting $127.99. 1,442,291 shares of the company traded hands, compared to its average volume of 2,302,469. The stock has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company's 50 day moving average price is $130.33 and its 200 day moving average price is $134.51. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45.

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

Kimberly-Clark Dividend Announcement

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. This represents a $5.04 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio is 69.42%.

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.