Savoir Faire Capital Management L.P. Purchases 2,617 Shares of Kimberly-Clark Co. (NYSE:KMB)

Savoir Faire Capital Management L.P. lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 21.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,667 shares of the company’s stock after purchasing an additional 2,617 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in Kimberly-Clark were worth $2,087,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark in the second quarter worth about $26,000. Crewe Advisors LLC bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $27,000. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $28,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $32,000. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research analyst reports. TD Cowen began coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Price Performance

Shares of KMB opened at $136.01 on Tuesday. The firm has a market cap of $45.36 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40. The business’s 50 day moving average price is $139.27 and its two-hundred day moving average price is $139.15. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 EPS. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.59%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Kimberly-Clark Company 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.