Chevy Chase Trust Holdings LLC Purchases 1,851 Shares of Kimberly-Clark Co. $KMB

Chevy Chase Trust Holdings LLC raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.9% in the second quarter, HoldingsChannel reports. The firm owned 217,719 shares of the company’s stock after acquiring an additional 1,851 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Kimberly-Clark were worth $28,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strs Ohio purchased a new position in shares of Kimberly-Clark in the 1st quarter valued at $12,854,000. Elevate Capital Advisors LLC increased its holdings in shares of 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 acquiring an additional 3,944 shares during the period. Citigroup Inc. increased its holdings in shares of Kimberly-Clark by 86.8% in the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after acquiring an additional 236,733 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Kimberly-Clark by 270.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after acquiring an additional 718,720 shares during the period. Finally, United Community Bank increased its holdings in shares of Kimberly-Clark by 340.0% in the 1st quarter. United Community Bank now owns 18,518 shares of the company’s stock valued at $2,634,000 after acquiring an additional 14,309 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB opened at $121.44 on Friday. The stock has a 50-day moving average of $126.65 and a two-hundred day moving average of $131.38. Kimberly-Clark Co. has a one year low of $118.18 and a one year high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a market cap of $40.29 billion, a P/E ratio of 16.08, a P/E/G ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. Kimberly-Clark’s payout ratio is currently 69.42%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Piper Sandler cut their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Wells Fargo & Company dropped their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Citigroup dropped their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday, October 9th. JPMorgan Chase & Co. dropped their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Finally, Evercore ISI dropped their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average target price of $137.00.

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.