Columbus Macro LLC Has $6.60 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Columbus Macro LLC grew its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 234.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,345 shares of the company’s stock after buying an additional 35,286 shares during the period. Columbus Macro LLC’s holdings in Kimberly-Clark were worth $6,597,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Wesbanco Bank Inc. increased its holdings in shares of Kimberly-Clark by 0.9% in the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after purchasing an additional 71 shares during the last quarter. My Legacy Advisors LLC increased its stake in Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after acquiring an additional 76 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in Kimberly-Clark by 1.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after purchasing an additional 77 shares during the period. Graypoint LLC boosted its holdings in shares of Kimberly-Clark by 1.5% in the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after purchasing an additional 78 shares during the period. Finally, Truvestments Capital LLC raised its holdings in Kimberly-Clark by 2.7% during the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock valued at $424,000 after buying an additional 78 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Up 0.4 %

Shares of Kimberly-Clark stock opened at $130.47 on Tuesday. The company has a market capitalization of $43.51 billion, a P/E ratio of 17.28, a P/E/G ratio of 4.16 and a beta of 0.41. The company has a fifty day moving average of $131.20 and a 200 day moving average of $137.15. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.51 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.86%. Kimberly-Clark’s dividend payout ratio is currently 64.64%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Citigroup decreased their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company lowered their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $143.64.

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.