Kinloch Capital LLC Buys New Holdings in Kimberly-Clark Corporation $KMB

Key Points

• Kinloch Capital purchased 39,241 Kimberly-Clark shares during the second quarter, valued at approximately $4.3 million. Institutional investors and hedge funds collectively own 76.29% of the company.
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 consensus estimate, while revenue rose 0.6% year over year to $4.19 billion. The stock opened at $111.37, within its $92.42–$133.94 12-month range.
• The company declared a quarterly dividend of $1.28 per share, equivalent to an annualized $5.12 and a 4.6% yield. Analysts have an overall “Hold” rating, with an average price target of $117.93.

Kinloch Capital LLC purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 39,241 shares of the company's stock, valued at approximately $4,307,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Ally Financial Inc. purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at about $1,009,000. Westpac Banking Corp boosted its stake in shares of Kimberly-Clark by 25.0% in the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company's stock worth $5,462,000 after buying an additional 10,811 shares during the last quarter. Oddo BHF Asset Management Sas grew its holdings in Kimberly-Clark by 29.6% during the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company's stock worth $6,234,000 after acquiring an additional 14,115 shares during the period. Fox Run Management L.L.C. acquired a new stake in Kimberly-Clark during the fourth quarter worth about $1,047,000. Finally, Vaughan David Investments LLC IL raised its position in Kimberly-Clark by 6.4% during the fourth quarter. Vaughan David Investments LLC IL now owns 299,642 shares of the company's stock valued at $30,231,000 after acquiring an additional 17,955 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $111.37 on Tuesday. The stock has a market capitalization of $37.04 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 5.20 and a beta of 0.26. The stock has a 50-day moving average of $109.06 and a 200 day moving average of $103.54. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $133.94.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 earnings per share. Sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.6%. Kimberly-Clark's dividend payout ratio (DPR) is 87.07%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of analyst reports. 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 raised their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 8th. TD Cowen increased their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a "hold" rating in a report on Wednesday, August 5th. Finally, Piper Sandler reissued an "overweight" rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $117.93.

About Kimberly-Clark

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.

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