Kerusso Capital Management LLC Has $2.84 Million Stock Position in Kimberly-Clark Corporation $KMB

Kerusso Capital Management LLC lifted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 130.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,812 shares of the company’s stock after acquiring an additional 12,894 shares during the quarter. Kerusso Capital Management LLC’s holdings in Kimberly-Clark were worth $2,836,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. bought a new position in Kimberly-Clark in the second quarter valued at $25,000. Princeton Global Asset Management LLC lifted its position in Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after buying an additional 188 shares in the last quarter. Winnow Wealth LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth about $27,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $27,000. Finally, True Wealth Design LLC increased its position in shares of Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. UBS Group decreased their price target on Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley cut their price objective on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Barclays set a $132.00 target price on shares of Kimberly-Clark in a report on Monday, November 3rd. JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, TD Cowen decreased their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $120.00.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $100.37 on Friday. The stock has a 50 day simple moving average of $102.55 and a 200 day simple moving average of $117.79. The stock has a market cap of $33.31 billion, a P/E ratio of 16.98, a PEG ratio of 3.80 and a beta of 0.26. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41.

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

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, December 5th. Kimberly-Clark’s dividend payout ratio is currently 85.28%.

Kimberly-Clark Profile

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.