Bullseye Investment Management LLC Invests $1.37 Million in Kimberly-Clark Corporation $KMB

Bullseye Investment Management LLC purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 12,487 shares of the company’s stock, valued at approximately $1,371,000. Kimberly-Clark comprises about 0.7% of Bullseye Investment Management LLC’s investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark in the 2nd quarter worth about $27,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $25,000. CrossGen Wealth LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $27,000. Ancora Advisors LLC bought a new stake in shares of Kimberly-Clark during the second quarter worth about $32,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Kimberly-Clark during the second quarter worth about $32,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMB has been the subject of several recent research reports. Barclays upped their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. UBS Group boosted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. TD Cowen raised their target price on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Finally, Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $117.36.

Kimberly-Clark Stock Down 0.3%

KMB traded down $0.33 during midday trading on Friday, hitting $98.15. The company had a trading volume of 8,137,222 shares, compared to its average volume of 4,871,993. The stock’s 50 day moving average price is $109.02 and its 200 day moving average price is $103.47. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $129.87. The company has a market capitalization of $32.64 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 4.12 and a beta of 0.25. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. Kimberly-Clark’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts anticipate that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 5.2%. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

About Kimberly-Clark

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.