X Square Capital LLC Buys Shares of 5,892 Kimberly-Clark Corporation $KMB

X Square Capital LLC purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,892 shares of the company’s stock, valued at approximately $647,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Emerald Investment Advisers LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth approximately $676,000. Westpac Banking Corp acquired a new position in Kimberly-Clark in the 2nd quarter valued at approximately $1,815,000. Landscape Capital Management L.L.C. bought a new position in shares of Kimberly-Clark during the second quarter valued at $4,071,000. Korea Investment CORP bought a new position in shares of Kimberly-Clark during the second quarter valued at $5,951,000. Finally, Burnham & Co LLC acquired a new position in shares of Kimberly-Clark during the second quarter worth $38,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KMB. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Wells Fargo & Company lifted their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. TD Cowen upped their price target on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Finally, Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $117.93.

Kimberly-Clark Trading Up 0.6%

KMB opened at $109.31 on Friday. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $134.38. The company has a fifty day moving average of $108.89 and a 200-day moving average of $103.43. The stock has a market cap of $36.35 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 5.20 and a beta of 0.26. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results 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 net margin of 11.79% and a return on equity of 143.92%. The firm 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 firm earned $1.92 EPS. Kimberly-Clark’s quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts predict that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

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.