Fifth Third Wealth Advisors LLC Has $628,000 Stock Holdings in Kimberly-Clark Co. $KMB

Fifth Third Wealth Advisors LLC increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,875 shares of the company’s stock after purchasing an additional 197 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $628,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. First Pacific Financial acquired a new position in shares of Kimberly-Clark during the first quarter valued at about $26,000. Financial Network Wealth Advisors LLC raised its position in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new position in shares of Kimberly-Clark during the second quarter valued at about $25,000. Elequin Capital LP acquired a new position in shares of Kimberly-Clark during the first quarter valued at about $36,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Kimberly-Clark during the first quarter valued at about $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $119.57 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market capitalization of $39.67 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 1-year low of $119.36 and a 1-year high of $150.45. The firm’s 50-day moving average price is $128.18 and its two-hundred day moving average price is $131.99.

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

Kimberly-Clark Dividend Announcement

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

Analyst Ratings Changes

KMB has been the subject of a number of research analyst reports. UBS Group cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday. Piper Sandler lowered their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, Barclays lowered their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently 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.