Ransom Advisory Ltd Buys New Holdings in Kimberly-Clark Co. $KMB

Key Points

• Ransom Advisory Ltd acquired a new stake in Kimberly-Clark Co. worth approximately $324,000 by purchasing 2,280 shares in the first quarter.
• Several institutional investors, including Citigroup Inc. and ELEVATE Capital Advisors LLC, have significantly increased their holdings in Kimberly-Clark, with Citigroup raising its stake by 86.8%.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, with a dividend yield of 3.8%, set to be paid on October 2nd.

Ransom Advisory Ltd bought a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,280 shares of the company's stock, valued at approximately $324,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Elevate Capital Advisors LLC increased its holdings in Kimberly-Clark by 46.4% during the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after purchasing an additional 3,944 shares in the last quarter. Citigroup Inc. increased its holdings in Kimberly-Clark by 86.8% during the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company's stock worth $72,473,000 after purchasing an additional 236,733 shares in the last quarter. Unigestion Holding SA increased its holdings in Kimberly-Clark by 8.2% during the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock worth $18,145,000 after purchasing an additional 9,643 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock worth $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Finally, Farmers Trust Co. increased its holdings in Kimberly-Clark by 108.6% during the 1st quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock worth $6,412,000 after purchasing an additional 23,472 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on KMB shares. UBS Group decreased their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Piper Sandler initiated coverage on Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Finally, Barclays boosted their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Trading Up 0.9%

NYSE:KMB opened at $130.97 on Wednesday. The company has a market cap of $43.45 billion, a P/E ratio of 17.35, a P/E/G ratio of 4.46 and a beta of 0.32. The stock's fifty day moving average price is $130.57 and its two-hundred day moving average price is $134.79. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. 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 (NYSE:KMB - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.25. The firm 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%.The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.96 earnings per share. As a group, analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 3.8%. Kimberly-Clark's dividend payout ratio is currently 69.42%.

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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