Kimberly-Clark Co. $KMB Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 4.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,121 shares of the company’s stock after selling 673 shares during the period. Koshinski Asset Management Inc.’s holdings in Kimberly-Clark were worth $1,695,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KMB. First Pacific Financial purchased a new stake in Kimberly-Clark in the first quarter valued at $26,000. Financial Network Wealth Advisors LLC increased its position in shares of Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $25,000. Elequin Capital LP purchased a new stake in Kimberly-Clark in the 1st quarter valued at about $36,000. Finally, AlphaCore Capital LLC acquired a new position in Kimberly-Clark in the first quarter valued at about $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KMB. Piper Sandler dropped their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. UBS Group dropped their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Citigroup cut their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Evercore ISI lowered their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. Finally, Wells Fargo & Company decreased their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $121.44 on Friday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a market cap of $40.29 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The stock’s 50-day moving average is $126.65 and its two-hundred day moving average is $131.29. Kimberly-Clark Co. has a 1-year low of $118.18 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. Analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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