Prossimo Advisors LLC Takes $217,000 Position in Kimberly-Clark Corporation $KMB

Prossimo Advisors LLC bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,686 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Empirical Finance LLC lifted its stake in shares of Kimberly-Clark by 0.6% in the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after buying an additional 76 shares during the period. Mesirow Financial Investment Management Inc. raised its holdings in Kimberly-Clark by 3.7% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock valued at $284,000 after acquiring an additional 78 shares in the last quarter. TFB Advisors LLC raised its holdings in Kimberly-Clark by 4.2% in the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock valued at $261,000 after acquiring an additional 82 shares in the last quarter. Silver Coast Investments LLC lifted its position in shares of Kimberly-Clark by 5.2% in the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock worth $240,000 after acquiring an additional 83 shares during the period. Finally, State of Wyoming grew its holdings in shares of Kimberly-Clark by 3.0% during the 1st quarter. State of Wyoming now owns 2,879 shares of the company’s stock worth $409,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $109.16 on Monday. The business’s fifty day moving average is $114.22 and its two-hundred day moving average is $125.68. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.56 and a current ratio of 0.77. The firm has a market cap of $36.23 billion, a P/E ratio of 15.04, a P/E/G ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the previous year, the business posted $1.83 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, December 5th. Kimberly-Clark’s payout ratio is 85.28%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KMB shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a research report on Tuesday, November 25th. Piper Sandler reduced their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Citigroup decreased their target price on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, TD Cowen cut their price target on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $128.91.

About Kimberly-Clark

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.