L2 Asset Management LLC Has $1.87 Million Stake in Kimberly-Clark Corporation $KMB

L2 Asset Management LLC boosted its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 141.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,060 shares of the company’s stock after purchasing an additional 8,833 shares during the period. L2 Asset Management LLC’s holdings in Kimberly-Clark were worth $1,873,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KMB. Cloud Capital Management LLC bought a new position in Kimberly-Clark in the 3rd quarter valued at approximately $25,000. True Wealth Design LLC grew its holdings in Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the last quarter. Winnow Wealth LLC bought a new stake in Kimberly-Clark during the 2nd quarter worth approximately $27,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark in the 2nd quarter valued at approximately $27,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in shares of Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after acquiring an additional 127 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on KMB. Barclays set a $102.00 price target on shares of Kimberly-Clark in a report on Friday, January 16th. Piper Sandler lowered their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 price target on shares of Kimberly-Clark in a research report on Monday, December 1st. Finally, TD Cowen decreased their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $116.42.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $100.26 on Tuesday. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.51 and a beta of 0.24. Kimberly-Clark Corporation has a 52-week low of $96.26 and a 52-week high of $147.12. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The stock’s 50 day moving average price is $103.37 and its two-hundred day moving average price is $109.77.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.1%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s payout ratio is 84.35%.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

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.