Chicago Partners Investment Group LLC Sells 756 Shares of Kimberly-Clark Co. $KMB

Chicago Partners Investment Group LLC cut its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 9.0% in the second quarter, Holdings Channel.com reports. The firm owned 7,678 shares of the company’s stock after selling 756 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Kimberly-Clark were worth $981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter worth approximately $25,000. First Pacific Financial purchased a new stake in Kimberly-Clark in the first quarter worth $26,000. Financial Network Wealth Advisors LLC lifted 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 worth $28,000 after purchasing an additional 125 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of Kimberly-Clark during the first quarter valued at $36,000. Finally, Rossby Financial LCC bought a new position in shares of Kimberly-Clark in the first quarter worth about $37,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMB. Evercore ISI decreased their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Citigroup dropped their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday, October 9th. Wells Fargo & Company decreased their target price on 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. Finally, Piper Sandler lowered their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $120.05 on Wednesday. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 52-week low of $118.18 and a 52-week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company’s 50 day moving average is $126.11 and its 200 day moving average is $131.00.

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

Kimberly-Clark Dividend Announcement

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

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.