Jupiter Topco LLC Makes New $6.21 Million Investment in Kimberly-Clark Corporation $KMB

Jupiter Topco LLC acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, HoldingsChannel reports. The firm acquired 56,610 shares of the company’s stock, valued at approximately $6,213,000.

Several other hedge funds and other institutional investors have also modified their holdings of KMB. Hsbc Holdings PLC grew its holdings in shares of Kimberly-Clark by 3.5% during the 2nd quarter. Hsbc Holdings PLC now owns 1,468,461 shares of the company’s stock worth $161,189,000 after purchasing an additional 49,109 shares during the period. EFG International AG purchased a new position in Kimberly-Clark in the second quarter valued at approximately $941,000. Ancora Advisors LLC acquired a new position in Kimberly-Clark during the second quarter valued at approximately $32,000. Canada Pension Plan Investment Board purchased a new stake in Kimberly-Clark during the second quarter worth approximately $26,782,000. Finally, Kinloch Capital LLC purchased a new stake in Kimberly-Clark during the second quarter worth approximately $4,307,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

KMB opened at $107.95 on Tuesday. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $131.53. The firm has a market cap of $35.90 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 5.22 and a beta of 0.26. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The company has a fifty day simple moving average of $109.81 and a 200 day simple moving average of $103.72.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 EPS. Equities research analysts expect that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s payout ratio is 87.07%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KMB shares. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. TD Cowen increased their price target on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Piper Sandler reissued an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Finally, Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $117.93.

About Kimberly-Clark

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.