Landscape Capital Management L.L.C. Makes New $4.07 Million Investment in Kimberly-Clark Corporation $KMB

Landscape Capital Management L.L.C. purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 37,091 shares of the company’s stock, valued at approximately $4,071,000.

Several other large investors have also made changes to their positions in KMB. Ally Financial Inc. acquired a new position in Kimberly-Clark during the fourth quarter worth $1,009,000. Westpac Banking Corp increased its holdings in shares of Kimberly-Clark by 25.0% during the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after acquiring an additional 10,811 shares during the last quarter. Oddo BHF Asset Management Sas raised its stake in shares of Kimberly-Clark by 29.6% in the 4th quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock valued at $6,234,000 after acquiring an additional 14,115 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Kimberly-Clark in the 4th quarter worth approximately $1,047,000. Finally, Vaughan David Investments LLC IL lifted its holdings in Kimberly-Clark by 6.4% in the 4th quarter. Vaughan David Investments LLC IL now owns 299,642 shares of the company’s stock worth $30,231,000 after purchasing an additional 17,955 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays increased their price target on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. UBS Group boosted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Stock Up 0.6%

Shares of KMB stock opened at $109.31 on Friday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $134.38. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The firm has a market cap of $36.35 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 5.17 and a beta of 0.26. The stock has a 50 day moving average of $108.89 and a 200-day moving average of $103.43.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the business posted $1.92 EPS. The company’s revenue was up .6% on a year-over-year basis. On average, equities analysts predict that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

Kimberly-Clark Company 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.