Callan Family Office LLC Makes New Investment in Kimberly-Clark Corporation $KMB

Key Points

• Callan Family Office LLC initiated a position in Kimberly-Clark during the second quarter, purchasing 10,234 shares valued at approximately $1.12 million. Institutional investors and hedge funds collectively own 76.29% of the company.
• Kimberly-Clark’s latest quarterly results fell short of expectations, with adjusted earnings of $1.80 per share versus the $2.01 consensus estimate and revenue of $4.19 billion versus $4.22 billion expected. Revenue still increased 0.6% year over year.
• The company declared a quarterly dividend of $1.28 per share, equivalent to an annualized $5.12 payout and a 4.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $117.93.

Callan Family Office LLC purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,234 shares of the company's stock, valued at approximately $1,123,000.

Several other institutional investors and hedge funds have also modified their holdings of KMB. Vanguard Group Inc. raised its holdings in shares of Kimberly-Clark by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company's stock worth $4,121,027,000 after acquiring an additional 315,981 shares during the period. BlackRock Inc. bought a new stake in Kimberly-Clark in the 2nd quarter valued at $3,547,915,000. State Street Corp boosted its stake in Kimberly-Clark by 1.4% in the 4th quarter. State Street Corp now owns 21,125,118 shares of the company's stock worth $2,157,746,000 after purchasing an additional 294,228 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Kimberly-Clark by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company's stock worth $1,202,322,000 after purchasing an additional 299,382 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Kimberly-Clark by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company's stock valued at $836,216,000 after purchasing an additional 65,619 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $111.37 on Tuesday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The stock's 50-day simple moving average is $109.06 and its 200 day simple moving average is $103.54. The company has a market cap of $37.04 billion, a P/E ratio of 18.94, a P/E/G ratio of 5.20 and a beta of 0.26. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $133.94.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 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 company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the company posted $1.92 earnings per share. The business's revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. Kimberly-Clark's dividend payout ratio is currently 87.07%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group boosted their price target on Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Barclays lifted their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a research note on Tuesday, August 4th. Finally, Piper Sandler reiterated an "overweight" rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $117.93.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source