Columbus Macro LLC Buys 2,720 Shares of Kimberly-Clark Co. $KMB

Columbus Macro LLC increased its stake in Kimberly-Clark Co. (NYSE:KMB) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,906 shares of the company’s stock after purchasing an additional 2,720 shares during the period. Columbus Macro LLC’s holdings in Kimberly-Clark were worth $6,950,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Strs Ohio bought a new position in Kimberly-Clark in the 1st quarter worth approximately $12,854,000. Elevate Capital Advisors LLC raised its position in shares of Kimberly-Clark by 46.4% during the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company’s stock valued at $1,770,000 after acquiring an additional 3,944 shares during the last quarter. Citigroup Inc. raised its position in shares of Kimberly-Clark by 86.8% during the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after acquiring an additional 236,733 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after acquiring an additional 718,720 shares during the last quarter. Finally, United Community Bank raised its position in shares of Kimberly-Clark by 340.0% during the 1st quarter. United Community Bank now owns 18,518 shares of the company’s stock valued at $2,634,000 after acquiring an additional 14,309 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of several recent research reports. Barclays dropped their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Evercore ISI dropped their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. UBS Group dropped their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday. Piper Sandler decreased their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $138.78.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $119.63 on Thursday. The firm has a market cap of $39.69 billion, a PE ratio of 15.85, a PEG ratio of 4.46 and a beta of 0.30. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1-year low of $119.54 and a 1-year high of $150.45. The company has a fifty day moving average price of $128.50 and a 200 day moving average price of $132.35.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.96 EPS. Research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.26 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. Kimberly-Clark’s dividend payout ratio is presently 69.42%.

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.