15,675 Shares in Kimberly-Clark Corporation $KMB Purchased by Occidental Asset Management LLC

Occidental Asset Management LLC acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,675 shares of the company’s stock, valued at approximately $1,949,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of Kimberly-Clark by 186.9% during the third quarter. Assenagon Asset Management S.A. now owns 43,492 shares of the company’s stock valued at $5,408,000 after purchasing an additional 28,335 shares during the period. Franklin Resources Inc. raised its holdings in shares of Kimberly-Clark by 3.4% during the second quarter. Franklin Resources Inc. now owns 591,145 shares of the company’s stock valued at $76,234,000 after acquiring an additional 19,298 shares in the last quarter. Nordea Investment Management AB increased its position in Kimberly-Clark by 2.5% during the 3rd quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock valued at $301,448,000 after purchasing an additional 58,978 shares during the period. Hudson Bay Capital Management LP boosted its stake in shares of Kimberly-Clark by 5,751.6% during the 2nd quarter. Hudson Bay Capital Management LP now owns 94,211 shares of the company’s stock valued at $12,146,000 after purchasing an additional 92,601 shares in the last quarter. Finally, Synergy Asset Management LLC raised its stake in Kimberly-Clark by 100.0% in the third quarter. Synergy Asset Management LLC now owns 38,260 shares of the company’s stock worth $4,932,000 after buying an additional 19,130 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 1.1%

Shares of NASDAQ:KMB opened at $99.32 on Friday. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. Kimberly-Clark Corporation has a 1 year low of $96.26 and a 1 year high of $150.45. The company has a market cap of $32.96 billion, a P/E ratio of 16.81, a PEG ratio of 3.81 and a beta of 0.26. The stock’s fifty day moving average price is $102.45 and its 200-day moving average price is $117.49.

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

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, December 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 85.28%.

Analyst Ratings Changes

A number of research firms have issued reports on KMB. UBS Group decreased their price objective on Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday. TD Cowen dropped their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Barclays set a $102.00 target price on shares of Kimberly-Clark in a report on Friday. Finally, Piper Sandler cut their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $117.69.

About Kimberly-Clark

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.