Kimberly-Clark Co. $KMB Shares Bought by LifeWealth Investments LLC

LifeWealth Investments LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 34.6% in the 2nd quarter, Holdings Channel reports. The fund owned 2,139 shares of the company’s stock after acquiring an additional 550 shares during the period. LifeWealth Investments LLC’s holdings in Kimberly-Clark were worth $276,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KMB. Brighton Jones LLC lifted its stake in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after acquiring an additional 2,765 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Kimberly-Clark by 7.3% in the first quarter. International Assets Investment Management LLC now owns 2,182 shares of the company’s stock valued at $310,000 after purchasing an additional 148 shares during the period. Lecap Asset Management Ltd. acquired a new stake in shares of Kimberly-Clark in the first quarter valued at about $1,399,000. First Pacific Financial acquired a new stake in shares of Kimberly-Clark in the first quarter valued at about $26,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 40.5% in the first quarter. Golden State Wealth Management LLC now owns 340 shares of the company’s stock valued at $49,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Evercore ISI reduced their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, September 22nd. Piper Sandler reduced their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Citigroup reduced their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. Finally, Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $118.76 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a 50-day moving average price of $125.52 and a two-hundred day moving average price of $130.82. Kimberly-Clark Co. has a twelve month low of $117.49 and a twelve month high of $150.45. The company has a market capitalization of $39.40 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

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

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a dividend of $1.26 per share. The ex-dividend date was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. Kimberly-Clark’s payout ratio is 69.42%.

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.