Albion Financial Group UT Sells 270 Shares of Kimberly-Clark Co. $KMB

Albion Financial Group UT reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,882 shares of the company’s stock after selling 270 shares during the period. Albion Financial Group UT’s holdings in Kimberly-Clark were worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KMB. Brighton Jones LLC lifted its holdings in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after purchasing an additional 2,765 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Kimberly-Clark by 12.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 94,981 shares of the company’s stock worth $12,446,000 after purchasing an additional 10,283 shares during the last quarter. Wellington Management Group LLP increased its stake in Kimberly-Clark by 36.5% during the 4th quarter. Wellington Management Group LLP now owns 28,884 shares of the company’s stock worth $3,785,000 after acquiring an additional 7,729 shares during the period. Versant Capital Management Inc bought a new position in Kimberly-Clark during the 1st quarter worth $250,000. Finally, Moody National Bank Trust Division increased its stake in Kimberly-Clark by 8.7% during the 1st quarter. Moody National Bank Trust Division now owns 2,016 shares of the company’s stock worth $287,000 after acquiring an additional 162 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Piper Sandler assumed coverage on Kimberly-Clark in a research note on Friday, July 18th. They set an “overweight” rating and a $144.00 price objective on the stock. JPMorgan Chase & Co. upgraded Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group lowered their price objective on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. Finally, Barclays raised their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $141.20.

Kimberly-Clark Trading Up 0.4%

Shares of KMB opened at $122.23 on Monday. Kimberly-Clark Co. has a 52-week low of $121.02 and a 52-week high of $150.45. The business’s fifty day moving average is $129.31 and its 200-day moving average is $133.21. 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 cap of $40.55 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 4.46 and a beta of 0.32.

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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the company posted $1.96 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.1%. Kimberly-Clark’s payout ratio is currently 69.42%.

About Kimberly-Clark

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.