Chevy Chase Trust Holdings LLC Grows Position in 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 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,719 shares of the company’s stock after buying an additional 1,851 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.07% of Kimberly-Clark worth $28,068,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Strs Ohio bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $12,854,000. Elevate Capital Advisors LLC lifted its stake 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 purchasing an additional 3,944 shares during the last quarter. Citigroup Inc. lifted 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 valued at $72,473,000 after purchasing an additional 236,733 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake 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 purchasing an additional 718,720 shares during the last quarter. Finally, United Community Bank lifted its stake 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 purchasing an additional 14,309 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $121.44 on Friday. Kimberly-Clark Co. has a 52-week low of $118.18 and a 52-week 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 firm has a market capitalization 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. The stock has a 50 day moving average price of $126.65 and a 200 day moving average price of $131.38.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.Kimberly-Clark’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced 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 69.42%.

Analyst Ratings Changes

KMB has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. UBS Group lowered their price objective on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Piper Sandler lowered their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Citigroup decreased their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. Finally, Barclays decreased their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Company 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.