L2 Asset Management LLC Acquires 8,833 Shares of Kimberly-Clark Corporation $KMB

L2 Asset Management LLC increased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 141.9% during the third quarter, HoldingsChannel reports. The fund owned 15,060 shares of the company’s stock after acquiring an additional 8,833 shares during the quarter. L2 Asset Management LLC’s holdings in Kimberly-Clark were worth $1,873,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new stake in Kimberly-Clark during the third quarter worth $25,000. True Wealth Design LLC lifted its stake in Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Winnow Wealth LLC purchased a new position in Kimberly-Clark during the 2nd quarter worth $27,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the 2nd quarter worth $27,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of Kimberly-Clark by 105.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a research report on Monday, December 1st. Barclays set a $102.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 16th. Citigroup dropped their target price on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, January 14th. Finally, Piper Sandler reduced their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $116.42.

Kimberly-Clark Price Performance

KMB opened at $100.26 on Tuesday. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $147.12. The firm has a 50-day moving average of $103.37 and a 200 day moving average of $109.77. 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 firm has a market cap of $33.28 billion, a P/E ratio of 16.52, a PEG ratio of 3.51 and a beta of 0.24.

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

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a $1.28 dividend. 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. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.1%. Kimberly-Clark’s payout ratio is presently 84.35%.

Insider Buying and Selling

In related 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 value of $317,980.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.64% of the company’s stock.

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.