Capital Management Associates Inc Makes New Investment in Kimberly-Clark Co. $KMB

Capital Management Associates Inc purchased a new position in Kimberly-Clark Co. (NYSE:KMB) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,720 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors also recently added to or reduced their stakes in KMB. Pacer Advisors Inc. increased its position 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 worth $196,878,000 after buying an additional 1,339,413 shares during the period. Trinity Financial Advisors LLC acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth approximately $181,762,000. Nuveen LLC acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth approximately $106,458,000. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock worth $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Kimberly-Clark by 41.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock worth $334,406,000 after purchasing an additional 687,868 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $119.63 on Thursday. The stock’s fifty day simple moving average is $128.50 and its 200 day simple moving average is $132.35. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market cap of $39.69 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a one year low of $119.54 and a one year high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a $1.26 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.2%. Kimberly-Clark’s payout ratio is presently 69.42%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KMB. Piper Sandler decreased their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. UBS Group decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Evercore ISI decreased their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. Finally, Barclays decreased their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $138.78.

About Kimberly-Clark

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.