Kimberly-Clark Co. $KMB Shares Sold by Private Wealth Partners LLC

Private Wealth Partners LLC decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 13.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,368 shares of the company’s stock after selling 850 shares during the period. Private Wealth Partners LLC’s holdings in Kimberly-Clark were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Howard Capital Management Inc. grew its stake in shares of Kimberly-Clark by 22.6% in the second quarter. Howard Capital Management Inc. now owns 2,253 shares of the company’s stock worth $293,000 after acquiring an additional 416 shares in the last quarter. Purkiss Capital Advisors LLC grew its stake in shares of Kimberly-Clark by 29.8% in the second quarter. Purkiss Capital Advisors LLC now owns 3,457 shares of the company’s stock worth $446,000 after acquiring an additional 794 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Kimberly-Clark by 30.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 78,696 shares of the company’s stock worth $10,145,000 after purchasing an additional 18,400 shares in the last quarter. Advisory Alpha LLC grew its stake in shares of Kimberly-Clark by 11.5% during the second quarter. Advisory Alpha LLC now owns 2,847 shares of the company’s stock worth $367,000 after purchasing an additional 294 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Kimberly-Clark by 6.8% during the second quarter. Teacher Retirement System of Texas now owns 285,168 shares of the company’s stock worth $36,764,000 after purchasing an additional 18,265 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KMB. Citigroup lowered their target price on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. Barclays lowered their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Piper Sandler lowered their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $120.62 on Tuesday. 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 business has a 50 day simple moving average of $125.03 and a 200-day simple moving average of $130.57. Kimberly-Clark Co. has a 12 month low of $117.49 and a 12 month high of $150.45. The stock has a market capitalization of $40.02 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

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

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued 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%.

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.