Ingalls & Snyder LLC Sells 100 Shares of Kimberly-Clark Co. $KMB

Ingalls & Snyder LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,805 shares of the company’s stock after selling 100 shares during the quarter. Ingalls & Snyder LLC’s holdings in Kimberly-Clark were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Kimberly-Clark by 0.3% in the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock worth $5,011,188,000 after purchasing an additional 92,920 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Kimberly-Clark by 6.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after acquiring an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Kimberly-Clark by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock worth $1,151,309,000 after acquiring an additional 566,152 shares during the last quarter. Invesco Ltd. raised its stake in Kimberly-Clark by 3.1% during the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock valued at $828,811,000 after buying an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Kimberly-Clark by 0.9% in the first quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock worth $492,091,000 after buying an additional 29,453 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group reduced 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. Wells Fargo & Company reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Citigroup reduced 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. Evercore ISI cut their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. Finally, Piper Sandler dropped 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. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Stock Up 0.1%

Shares of NYSE KMB opened at $118.93 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 $39.46 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The stock’s fifty day simple moving average is $125.24 and its two-hundred day simple moving average is $130.67. Kimberly-Clark Co. has a 12-month low of $117.49 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB) last announced its 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 business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter last year, the firm earned $1.96 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued 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 was Friday, September 5th. Kimberly-Clark’s dividend payout ratio is currently 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.