Stevens Capital Management LP Acquires 1,624 Shares of Kimberly-Clark Corporation $KMB

Stevens Capital Management LP boosted its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 51.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,790 shares of the company’s stock after purchasing an additional 1,624 shares during the period. Stevens Capital Management LP’s holdings in Kimberly-Clark were worth $618,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KMB. Empirical Finance LLC grew its holdings in Kimberly-Clark by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock worth $1,531,000 after acquiring an additional 76 shares during the period. Mesirow Financial Investment Management Inc. raised its position in shares of Kimberly-Clark by 3.7% during the second quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock worth $284,000 after purchasing an additional 78 shares during the period. TFB Advisors LLC lifted its holdings in shares of Kimberly-Clark by 4.2% in the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after purchasing an additional 82 shares in the last quarter. Silver Coast Investments LLC grew its position in Kimberly-Clark by 5.2% in the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock valued at $240,000 after purchasing an additional 83 shares during the period. Finally, State of Wyoming increased its stake in Kimberly-Clark by 3.0% during the 1st quarter. State of Wyoming now owns 2,879 shares of the company’s stock valued at $409,000 after purchasing an additional 85 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $105.18 on Friday. The firm has a market capitalization of $34.90 billion, a P/E ratio of 14.49, a PEG ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a one year low of $99.22 and a one year high of $150.45. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.77 and a quick ratio of 0.56. The business has a fifty day moving average price of $116.01 and a 200-day moving average price of $126.72.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the firm posted $1.83 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.04 annualized dividend and a yield of 4.8%. Kimberly-Clark’s payout ratio is currently 85.28%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Kimberly-Clark in a research note on Wednesday. Cowen reaffirmed a “hold” rating on shares of Kimberly-Clark in a research report on Tuesday, November 4th. UBS Group upped their price target on Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. raised their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $128.91.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.