Southern Capital Advisors LLC Acquires Shares of 1,700 Kimberly-Clark Co. (NYSE:KMB)

Southern Capital Advisors LLC acquired a new position in Kimberly-Clark Co. (NYSE:KMB) during the third quarter, HoldingsChannel reports. The institutional investor acquired 1,700 shares of the company’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Kimberly-Clark by 18.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after buying an additional 69,794 shares during the last quarter. Vest Financial LLC increased its position in shares of Kimberly-Clark by 6.5% during the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after purchasing an additional 21,339 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at $14,751,000. Swedbank AB boosted its position in shares of Kimberly-Clark by 4.0% during the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after buying an additional 6,392 shares during the period. Finally, PGGM Investments grew its position in Kimberly-Clark by 84.6% in the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock valued at $3,583,000 after acquiring an additional 11,882 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Up 0.6 %

Shares of KMB opened at $136.40 on Monday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.58 and a current ratio of 0.83. The stock has a 50-day moving average price of $142.94 and a 200 day moving average price of $138.87. The company has a market capitalization of $45.93 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.89 and a beta of 0.39. Kimberly-Clark Co. has a one year low of $117.46 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 earnings per share. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Analyst Upgrades and Downgrades

KMB has been the subject of several recent research reports. UBS Group decreased their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Barclays raised their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Argus upgraded Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Piper Sandler raised their target price on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, TD Cowen started coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Company 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.