Kimberly-Clark Corporation $KMB Shares Purchased by Columbia Bank

Columbia Bank increased its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 35.9% during the second quarter, Holdings Channel reports. The institutional investor owned 3,359 shares of the company’s stock after acquiring an additional 888 shares during the period. Columbia Bank’s holdings in Kimberly-Clark were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Financial Network Wealth Advisors LLC grew its holdings in shares of Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark during the second quarter worth $25,000. Princeton Global Asset Management LLC boosted its position in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares in the last quarter. Winnow Wealth LLC acquired a new stake in Kimberly-Clark in the second quarter valued at $27,000. Finally, Elequin Capital LP purchased a new position in shares of Kimberly-Clark in the first quarter valued at $36,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KMB shares. Barclays set a $132.00 price objective on shares of Kimberly-Clark in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a report on Wednesday, November 19th. Citigroup lowered their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Cowen restated a “hold” rating on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Finally, TD Cowen lowered their target price on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $128.91.

Kimberly-Clark Stock Down 0.1%

Shares of NASDAQ KMB opened at $105.03 on Tuesday. The firm has a market cap of $34.86 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.56 and a current ratio of 0.77. Kimberly-Clark Corporation has a 1 year low of $99.22 and a 1 year high of $150.45. The firm’s 50 day moving average price is $115.60 and its 200 day moving average price is $126.43.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the firm posted $1.83 EPS. Kimberly-Clark’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be issued a $1.26 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.04 annualized dividend and a yield of 4.8%. Kimberly-Clark’s payout ratio is 85.28%.

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.