Jupiter Topco LLC Makes New Investment in Kimberly-Clark Corporation $KMB

Jupiter Topco LLC purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,610 shares of the company’s stock, valued at approximately $6,213,000.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC increased its position in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after buying an additional 2,765 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Kimberly-Clark by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after acquiring an additional 24,698 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Kimberly-Clark by 44.3% during the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after acquiring an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC boosted its stake in shares of Kimberly-Clark by 11.0% during the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after acquiring an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC increased its position in Kimberly-Clark by 20.5% during the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after purchasing an additional 1,811 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on KMB. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Piper Sandler reiterated an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. TD Cowen boosted their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Barclays raised their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Stock Down 1.5%

Shares of NASDAQ:KMB opened at $107.95 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The firm has a market cap of $35.90 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 5.22 and a beta of 0.26. The stock’s 50-day moving average price is $109.81 and its two-hundred day moving average price is $103.72. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $131.53.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share 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 for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the previous year, the company earned $1.92 earnings per share. The company’s revenue was up .6% on a year-over-year basis. On average, research analysts forecast that Kimberly-Clark Corporation will post 7.42 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.07%.

About Kimberly-Clark

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.