Lbp Am Sa Buys 30,605 Shares of Kimberly-Clark Corporation $KMB

Lbp Am Sa lifted its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 28.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 137,486 shares of the company’s stock after acquiring an additional 30,605 shares during the quarter. Lbp Am Sa’s holdings in Kimberly-Clark were worth $17,095,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings 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 valued at $851,000 after buying an additional 2,765 shares during the last quarter. Perigon Wealth Management LLC raised its position in Kimberly-Clark by 15.6% during the second quarter. Perigon Wealth Management LLC now owns 6,210 shares of the company’s stock worth $801,000 after acquiring an additional 840 shares in the last quarter. Patton Fund Management Inc. acquired a new stake in Kimberly-Clark in the second quarter valued at $216,000. State of Alaska Department of Revenue lifted its stake in Kimberly-Clark by 6.1% in the second quarter. State of Alaska Department of Revenue now owns 58,208 shares of the company’s stock valued at $7,503,000 after acquiring an additional 3,360 shares during the last quarter. Finally, ORG Partners LLC grew its position in shares of Kimberly-Clark by 10.0% in the 2nd quarter. ORG Partners LLC now owns 1,634 shares of the company’s stock valued at $211,000 after acquiring an additional 149 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KMB shares. Royal Bank Of Canada reaffirmed an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a report on Tuesday, October 28th. Morgan Stanley dropped their price objective on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. TD Cowen reduced their target price on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, November 13th. Finally, Citigroup dropped their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $118.33.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $102.23 on Monday. The firm has a market cap of $33.93 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 3.92 and a beta of 0.26. The business’s 50 day moving average is $102.19 and its 200-day moving average is $116.29. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the company posted $1.83 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were paid a $1.26 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.9%. Kimberly-Clark’s dividend payout ratio is 85.28%.

Kimberly-Clark Company Profile

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.