Waycross Partners LLC Takes $357,000 Position in Kimberly-Clark Co. $KMB

Key Points

• Waycross Partners LLC acquired a new stake in Kimberly-Clark Co. valued at approximately $357,000, with the purchase of 2,769 shares announced in their recent SEC filing.
• Kimberly-Clark reported $1.92 earnings per share (EPS) for the most recent quarter, surpassing analysts' estimates of $1.67, despite a 1.6% decline in quarterly revenue compared to the previous year.
• The company announced a quarterly dividend of $1.26, which amounts to an annualized yield of 4.1%, set to be paid in early October.

Waycross Partners LLC acquired a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,769 shares of the company's stock, valued at approximately $357,000.

A number of other large investors have also added to or reduced their stakes in KMB. GAMMA Investing LLC raised its holdings in Kimberly-Clark by 10,975.8% in the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock valued at $270,510,000 after buying an additional 1,884,877 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Kimberly-Clark by 2,982.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after buying an additional 1,339,413 shares during the last quarter. Trinity Financial Advisors LLC bought a new position in Kimberly-Clark in the 1st quarter valued at approximately $181,762,000. Nuveen LLC bought a new position in Kimberly-Clark in the 1st quarter valued at approximately $106,458,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Kimberly-Clark by 270.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after buying an additional 718,720 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $123.82 on Wednesday. The stock has a market capitalization of $41.08 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a 52-week low of $122.58 and a 52-week high of $150.45. The stock's 50 day moving average price is $129.62 and its two-hundred day moving average price is $133.70. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

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

Kimberly-Clark Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have weighed in on KMB shares. Barclays increased their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their target price for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Evercore ISI decreased their target price 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. UBS Group decreased their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Finally, Piper Sandler started coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and a consensus target price of $142.20.

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.

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