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

Kinloch Capital LLC purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) 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) 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.