Inscription Capital LLC Buys New Shares in Kimberly-Clark Corporation $KMB

Inscription Capital LLC purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,484 shares of the company’s stock, valued at approximately $931,000.

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

Analyst Ratings Changes

A number of research firms recently commented on KMB. Argus upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, November 13th. Piper Sandler reduced 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. UBS Group decreased their target price on Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Morgan Stanley cut their price target on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Finally, TD Cowen reduced their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $117.69.

Kimberly-Clark Stock Up 2.2%

KMB stock opened at $101.48 on Wednesday. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. The stock has a market capitalization of $33.68 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 3.81 and a beta of 0.26. The business’s fifty day moving average price is $102.35 and its two-hundred day moving average price is $116.93.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period last year, the firm earned $1.83 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were issued a $1.26 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.04 annualized dividend and a yield of 5.0%. Kimberly-Clark’s payout ratio is currently 85.28%.

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.