Kimberly-Clark Co. $KMB Shares Sold by WBH Advisory Inc.

WBH Advisory Inc. decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,702 shares of the company’s stock after selling 288 shares during the quarter. WBH Advisory Inc.’s holdings in Kimberly-Clark were worth $864,000 as of its most recent SEC filing.

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

Kimberly-Clark Trading Down 0.6%

NYSE:KMB opened at $120.70 on Tuesday. 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 one year low of $118.18 and a one year high of $150.45. The business’s 50-day simple moving average is $126.38 and its 200 day simple moving average is $131.08. The stock has a market cap of $40.05 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.96 earnings per share. As a group, sell-side 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. Investors of record on Friday, September 5th were issued a $1.26 dividend. 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 payout ratio is currently 69.42%.

Wall Street Analyst Weigh In

KMB has been the topic of a number of research analyst reports. UBS Group reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Piper Sandler reduced their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Barclays reduced their price objective on 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. Finally, Wells Fargo & Company reduced 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, September 25th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target 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.