Strs Ohio Invests $12.85 Million in Kimberly-Clark Co. $KMB

Key Points

• Strs Ohio has made a new investment in Kimberly-Clark Co., acquiring 90,378 shares valued at approximately $12.85 million.
• Several institutional investors significantly increased their stakes in Kimberly-Clark during the first quarter, with GAMMA Investing LLC raising its holdings by an astonishing 10,975.8%.
• The company recently reported earnings of $1.92 per share, exceeding analyst estimates, while also announcing a quarterly dividend of $1.26 per share.

Strs Ohio acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 90,378 shares of the company's stock, valued at approximately $12,854,000.

Other large investors also recently modified their holdings of the company. Elevate Capital Advisors LLC raised its position in Kimberly-Clark by 46.4% in the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock valued at $1,770,000 after buying an additional 3,944 shares during the last quarter. Citigroup Inc. grew its stake in shares of Kimberly-Clark by 86.8% in the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company's stock worth $72,473,000 after acquiring an additional 236,733 shares in the last quarter. Unigestion Holding SA raised its holdings in shares of Kimberly-Clark by 8.2% in the first quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock valued at $18,145,000 after purchasing an additional 9,643 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Finally, Farmers Trust Co. boosted its holdings in Kimberly-Clark by 108.6% during the first 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 during the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on KMB. UBS Group dropped their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Piper Sandler initiated coverage on Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective on the stock. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their target price for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Finally, Barclays lifted 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 investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Stock Performance

NYSE:KMB traded down $2.52 during trading hours on Monday, reaching $125.47. The stock had a trading volume of 3,077,549 shares, compared to its average volume of 2,306,897. The stock has a market cap of $41.63 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The stock has a 50 day simple moving average of $130.21 and a 200 day simple moving average of $134.39. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.0%. Kimberly-Clark's dividend payout ratio (DPR) is presently 69.42%.

About Kimberly-Clark

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.