Bullseye Investment Management LLC Acquires New Holdings in Kimberly-Clark Corporation $KMB

Bullseye Investment Management LLC purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, Holdings Channel.com reports. The firm purchased 12,487 shares of the company’s stock, valued at approximately $1,371,000. Kimberly-Clark accounts for approximately 0.7% of Bullseye Investment Management LLC’s investment portfolio, making the stock its 24th largest position.

Several other large investors also recently added to or reduced their stakes in the business. Godfrey Financial Associates Inc. purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $25,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark in the second quarter valued at approximately $27,000. CrossGen Wealth LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $31,000. Finally, Entrust Financial LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $32,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.3%

Kimberly-Clark stock traded down $0.33 during mid-day trading on Friday, reaching $98.15. 8,137,222 shares of the company traded hands, compared to its average volume of 4,871,993. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The firm’s 50 day moving average price is $109.02 and its 200 day moving average price is $103.47. The firm has a market capitalization of $32.64 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 4.12 and a beta of 0.25. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $129.87.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the company posted $1.92 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts anticipate that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 5.2%. Kimberly-Clark’s dividend payout ratio (DPR) is 87.07%.

Analyst Ratings Changes

A number of brokerages have issued reports on KMB. UBS Group raised their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. TD Cowen upped their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Wells Fargo & Company cut their target price on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $117.36.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.