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

Kerusso Capital Management LLC raised its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 130.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 22,812 shares of the company’s stock after acquiring an additional 12,894 shares during the period. Kerusso Capital Management LLC’s holdings in Kimberly-Clark were worth $2,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter valued at approximately $25,000. Princeton Global Asset Management LLC boosted its stake in shares of Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Winnow Wealth LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $27,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the second quarter worth $27,000. Finally, True Wealth Design LLC lifted its holdings in 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 buying an additional 135 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMB. BNP Paribas reissued a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a research report on Monday, December 1st. Piper Sandler decreased their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Morgan Stanley reduced their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $120.00.

Kimberly-Clark Stock Performance

Shares of KMB opened at $100.37 on Friday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. The stock has a 50 day moving average price of $102.55 and a two-hundred day moving average price of $117.79. The firm has a market capitalization of $33.31 billion, a P/E ratio of 16.98, a P/E/G ratio of 3.80 and a beta of 0.26. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.Kimberly-Clark’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $1.83 earnings per share. Equities analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal 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 paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Friday, December 5th. Kimberly-Clark’s payout ratio is currently 85.28%.

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.