Lecap Asset Management Ltd. Acquires New Position in Kimberly-Clark Corporation $KMB

Lecap Asset Management Ltd. acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 3rd quarter, Holdings Channel reports. The fund acquired 6,208 shares of the company’s stock, valued at approximately $772,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after buying an additional 2,765 shares during the last quarter. Advisory Alpha LLC grew its stake in Kimberly-Clark by 22.3% during the 1st quarter. Advisory Alpha LLC now owns 2,553 shares of the company’s stock valued at $363,000 after purchasing an additional 466 shares in the last quarter. Integrity Alliance LLC. acquired a new stake in shares of Kimberly-Clark during the first quarter worth approximately $311,000. Belpointe Asset Management LLC increased its position in shares of Kimberly-Clark by 31.4% in the 1st quarter. Belpointe Asset Management LLC now owns 5,553 shares of the company’s stock worth $790,000 after purchasing an additional 1,328 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Kimberly-Clark by 12.1% in the first quarter. Geneos Wealth Management Inc. now owns 2,360 shares of the company’s stock valued at $336,000 after buying an additional 255 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KMB. Piper Sandler dropped their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. BNP Paribas reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. TD Cowen decreased their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, November 13th. Finally, Evercore ISI restated an “in-line” rating and set a $120.00 target price (down from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $122.31.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $98.87 on Friday. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $150.45. The firm’s 50 day simple moving average is $103.13 and its 200-day simple moving average is $118.82. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. The company has a market cap of $32.81 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 3.74 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 EPS. As a group, equities research analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were issued a $1.26 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 5.1%. Kimberly-Clark’s dividend payout ratio is currently 85.28%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.