Castleview Partners LLC Acquires 5,560 Shares of Kimberly-Clark Corporation $KMB

by · The Cerbat Gem

Castleview Partners LLC bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,560 shares of the company’s stock, valued at approximately $542,000.

A number of other institutional investors have also modified their holdings of the stock. Wedmont Private Capital raised its position in Kimberly-Clark by 7.5% during the 3rd quarter. Wedmont Private Capital now owns 5,450 shares of the company’s stock valued at $533,000 after purchasing an additional 381 shares in the last quarter. Breakwater Capital Group grew its position in shares of Kimberly-Clark by 22.3% during the 3rd quarter. Breakwater Capital Group now owns 6,234 shares of the company’s stock worth $607,000 after buying an additional 1,135 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Kimberly-Clark by 16.1% during the third quarter. Farther Finance Advisors LLC now owns 22,794 shares of the company’s stock valued at $2,221,000 after buying an additional 3,154 shares during the period. Sapient Capital LLC increased its stake in shares of Kimberly-Clark by 5.7% during the third quarter. Sapient Capital LLC now owns 2,800 shares of the company’s stock valued at $276,000 after buying an additional 152 shares during the period. Finally, Adams Asset Advisors LLC raised its holdings in shares of Kimberly-Clark by 0.5% in the third quarter. Adams Asset Advisors LLC now owns 88,748 shares of the company’s stock valued at $8,647,000 after acquiring an additional 456 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 analysts recently weighed in on KMB shares. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Piper Sandler reduced their price target on shares of Kimberly-Clark from $121.00 to $118.00 and set an “overweight” rating for the company in a report on Friday, September 11th. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $105.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, October 5th. TD Cowen increased their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Finally, Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.00.

View Our Latest Stock Report on Kimberly-Clark

Kimberly-Clark Price Performance

Shares of KMB stock opened at $97.59 on Friday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $123.09. The stock’s 50-day moving average is $103.65 and its 200 day moving average is $102.53. The company has a market cap of $32.46 billion, a P/E ratio of 16.60, a PEG ratio of 4.99 and a beta of 0.25. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.92 earnings per share. Research analysts predict that Kimberly-Clark Corporation will post 7.35 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a $1.28 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark’s payout ratio is presently 87.07%.

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation (NASDAQ:KMB) is a global personal care and consumer products company that develops and markets essential products for consumers and professional customers. Its portfolio includes products in the baby and childcare, adult care, feminine care, facial and bathroom tissue, and household categories.

The company’s well-known brands include Huggies diapers and wipes, Kleenex tissues, Kotex feminine care products, Cottonelle and Scott bathroom tissue, and Depend and Poise adult care products.

Further Reading

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