10,332 Shares in Kimberly-Clark Corporation $KMB Acquired by Leo Wealth LLC

Leo Wealth LLC acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,332 shares of the company’s stock, valued at approximately $1,007,000.

A number of other hedge funds have also recently made changes to their positions in KMB. Ancora Advisors LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $32,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth approximately $32,000. Clearstead Trust LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $33,000. Markowski Investments bought a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $36,000. Finally, Avalon Trust Co purchased a new stake in Kimberly-Clark during the second quarter valued at approximately $37,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on KMB. BNP Paribas Exane raised their target price on shares of Kimberly-Clark from $101.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. Bank of America reduced their price target on Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 25th. Barclays increased their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Finally, Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $115.73.

Kimberly-Clark Stock Performance

KMB opened at $109.63 on Tuesday. 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 Corporation has a 12-month low of $92.42 and a 12-month high of $123.09. The firm has a 50 day moving average of $102.81 and a two-hundred day moving average of $102.75. The firm has a market capitalization of $36.46 billion, a PE ratio of 14.78, a P/E/G ratio of 5.96 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly 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). The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. Kimberly-Clark’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.92 earnings per share. On average, analysts anticipate that Kimberly-Clark Corporation will post 6.83 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm 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 was Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimberly-Clark’s payout ratio is 87.07%.

Kimberly-Clark Profile

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.