Kimberly-Clark Co. (NYSE:KMB) Stock Position Increased by Fortitude Family Office LLC

Fortitude Family Office LLC boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 267.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,195 shares of the company’s stock after buying an additional 870 shares during the quarter. Fortitude Family Office LLC’s holdings in Kimberly-Clark were worth $170,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KMB. William B. Walkup & Associates Inc. acquired a new stake in Kimberly-Clark in the 2nd quarter valued at about $26,000. Crewe Advisors LLC acquired a new stake in Kimberly-Clark during the first quarter valued at approximately $27,000. New Millennium Group LLC bought a new stake in Kimberly-Clark during the second quarter worth approximately $28,000. Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark during the second quarter worth approximately $32,000. Finally, DiNuzzo Private Wealth Inc. grew its position in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KMB. JPMorgan Chase & Co. cut their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Piper Sandler increased their price target on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. TD Cowen initiated coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Stock Up 0.1 %

KMB stock opened at $135.62 on Tuesday. The company has a 50 day moving average of $142.79 and a two-hundred day moving average of $138.94. The company has a market cap of $45.66 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 2.89 and a beta of 0.39. Kimberly-Clark Co. has a 12-month low of $117.46 and a 12-month high of $149.30. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period last year, the company earned $1.74 earnings per share. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.60%. Kimberly-Clark’s dividend payout ratio is 89.71%.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.