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

Kinloch Capital LLC acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, HoldingsChannel reports. The fund acquired 39,241 shares of the company’s stock, valued at approximately $4,307,000.

Other large investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Kimberly-Clark by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after acquiring an additional 100 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Kimberly-Clark by 0.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock worth $1,523,000 after acquiring an additional 100 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Kimberly-Clark by 18.3% in the first quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $64,000 after acquiring an additional 103 shares during the last quarter. Core Wealth Partners LLC increased its position in shares of Kimberly-Clark by 2.6% during the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock worth $439,000 after purchasing an additional 112 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Kimberly-Clark by 0.6% during the first quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock worth $1,950,000 after purchasing an additional 121 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $111.37 on Tuesday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $133.94. The stock has a market cap of $37.04 billion, a PE ratio of 18.94, a P/E/G ratio of 5.20 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a 50 day moving average price of $109.06 and a 200 day moving average price of $103.54.

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

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s payout ratio is currently 87.07%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research reports. UBS Group raised their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. TD Cowen increased their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. One 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 given a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $117.93.

Kimberly-Clark Profile

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.