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

Key Points

• Columbus Macro LLC increased its stake in Kimberly-Clark by 5.3%, owning 53,906 shares valued at approximately $6.95 million after purchasing an additional 2,720 shares in the second quarter.
• Kimberly-Clark recently reported earnings of $1.92 per share, exceeding expectations, but its revenue for the quarter was down 1.6% from the previous year.
• The company has a current quarterly dividend of $1.26, providing a dividend yield of 4.2%, with a payout ratio of 69.42%.

Columbus Macro LLC raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,906 shares of the company's stock after buying an additional 2,720 shares during the period. Columbus Macro LLC's holdings in Kimberly-Clark were worth $6,950,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First Pacific Financial bought a new position in Kimberly-Clark during the first quarter valued at about $26,000. Financial Network Wealth Advisors LLC increased its stake in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after purchasing an additional 125 shares during the period. Investment Research & Advisory Group Inc. bought a new position in shares of Kimberly-Clark in the second quarter worth about $25,000. Elequin Capital LP bought a new position in shares of Kimberly-Clark in the first quarter worth about $36,000. Finally, AlphaCore Capital LLC bought a new position in shares of Kimberly-Clark in the first quarter worth about $37,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Down 2.2%

Shares of KMB opened at $119.63 on Thursday. The company has a market capitalization of $39.69 billion, a P/E ratio of 15.85, a PEG ratio of 4.46 and a beta of 0.30. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a one year low of $119.54 and a one year high of $150.45. The business's 50 day simple moving average is $128.50 and its 200-day simple moving average is $132.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.Kimberly-Clark's revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 EPS. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Analyst Upgrades and Downgrades

KMB has been the topic of a number of recent analyst reports. Evercore ISI dropped their price objective on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, September 22nd. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Barclays dropped their price objective on Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 1st. Piper Sandler dropped their price objective on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday, October 2nd. Finally, UBS Group decreased their target price on Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's 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 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.

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