Toth Financial Advisory Corp Sells 5,596 Shares of Kimberly-Clark Corporation $KMB

Toth Financial Advisory Corp decreased its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMBFree Report) by 29.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,576 shares of the company’s stock after selling 5,596 shares during the period. Toth Financial Advisory Corp’s holdings in Kimberly-Clark were worth $1,490,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of KMB. BlackRock Inc. purchased a new stake in Kimberly-Clark in the 2nd quarter valued at $3,547,915,000. Wellington Management Group LLP boosted its holdings in Kimberly-Clark by 26,997.7% during the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock worth $743,399,000 after acquiring an additional 7,341,215 shares during the last quarter. Norges Bank bought a new stake in shares of Kimberly-Clark in the 4th quarter worth $521,184,000. Bank of New York Mellon Corp bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth $239,612,000. Finally, Legal & General Group Plc purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $223,668,000. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of a number of recent analyst reports. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. TD Cowen upped their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Wells Fargo & Company increased their price objective on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Barclays lifted their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Piper Sandler restated an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $117.93.

Read Our Latest Analysis on Kimberly-Clark

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $109.55 on Friday. The company has a market capitalization of $36.43 billion, a P/E ratio of 18.63, a P/E/G ratio of 5.24 and a beta of 0.26. The business has a fifty day simple moving average of $109.66 and a two-hundred day simple moving average of $103.71. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $131.53.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.92 EPS. On average, analysts expect that Kimberly-Clark Corporation will post 7.42 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio is 87.07%.

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

See Also

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Institutional Ownership by Quarter for Kimberly-Clark (NASDAQ:KMB)

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