X Square Capital LLC Invests $647,000 in Kimberly-Clark Corporation $KMB

X Square Capital LLC acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,892 shares of the company’s stock, valued at approximately $647,000.

A number of other institutional investors also recently modified their holdings of KMB. Godfrey Financial Associates Inc. bought a new position in Kimberly-Clark during the fourth quarter worth $25,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark in the second quarter valued at $27,000. CrossGen Wealth LLC bought a new stake in Kimberly-Clark in the fourth quarter valued at $27,000. Motiv8 Investments LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter valued at about $31,000. Finally, Entrust Financial LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.6%

Kimberly-Clark stock opened at $109.31 on Friday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $134.38. The firm has a market capitalization of $36.35 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 5.20 and a beta of 0.26. The firm’s fifty day moving average price is $108.89 and its two-hundred day moving average price is $103.43. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results 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 business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. The company’s revenue was up .6% on a year-over-year basis. On average, equities research analysts predict 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 dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s payout ratio is currently 87.07%.

Analyst Upgrades and Downgrades

KMB has been the subject of several research reports. Barclays raised their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Wells Fargo & Company upped their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. UBS Group increased their price target on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Piper Sandler reissued an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday. Finally, Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $117.93.

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.