Raleigh Capital Management Inc. Purchases 6,033 Shares of Kimberly-Clark Co. $KMB

Key Points

• Raleigh Capital Management Inc. increased its stake in Kimberly-Clark by 252.6% in Q2, owning a total of 8,421 shares valued at approximately $1.086 million.
• Several hedge funds modified their positions in Kimberly-Clark, with institutional investors now owning 76.29% of the company's stock.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, yielding 4.1%, to be paid on October 2nd.

Raleigh Capital Management Inc. lifted its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 252.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,421 shares of the company's stock after buying an additional 6,033 shares during the period. Raleigh Capital Management Inc.'s holdings in Kimberly-Clark were worth $1,086,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Venture Visionary Partners LLC lifted its stake in shares of Kimberly-Clark by 4.3% in the second quarter. Venture Visionary Partners LLC now owns 4,536 shares of the company's stock worth $585,000 after buying an additional 186 shares in the last quarter. GC Wealth Management RIA LLC bought a new position in shares of Kimberly-Clark in the second quarter worth approximately $202,000. V Square Quantitative Management LLC lifted its stake in shares of Kimberly-Clark by 3.6% in the second quarter. V Square Quantitative Management LLC now owns 7,755 shares of the company's stock worth $1,000,000 after buying an additional 268 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Kimberly-Clark by 66.7% in the second quarter. Sound Income Strategies LLC now owns 595 shares of the company's stock worth $77,000 after buying an additional 238 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. bought a new position in shares of Kimberly-Clark in the second quarter worth approximately $25,000. Institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

KMB has been the topic of several analyst reports. Wells Fargo & Company dropped 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 research note on Thursday, September 25th. UBS Group decreased their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $125.00 to $138.00 in a report on Monday, August 4th. Piper Sandler assumed coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective for the company. Finally, Barclays boosted their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $141.20.

Kimberly-Clark Stock Up 0.4%

Shares of KMB stock opened at $122.66 on Tuesday. Kimberly-Clark Co. has a 12 month low of $121.02 and a 12 month high of $150.45. The stock has a market cap of $40.70 billion, a P/E ratio of 16.25, a P/E/G 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 has a 50 day simple moving average of $129.23 and a two-hundred day simple moving average of $133.09.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $1.92 EPS 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 during the quarter, compared to analysts' expectations of $4.85 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The firm'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 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio is currently 69.42%.

Kimberly-Clark Company 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.

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