Kimberly-Clark Co. $KMB Shares Sold by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,390 shares of the company’s stock after selling 150 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $824,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of KMB. Investment Research & Advisory Group Inc. acquired a new position in shares of Kimberly-Clark during the second quarter valued at $25,000. First Pacific Financial acquired a new position in shares of Kimberly-Clark during the first quarter valued at $26,000. Financial Network Wealth Advisors LLC increased its holdings 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 valued at $28,000 after purchasing an additional 125 shares during the period. Elequin Capital LP acquired a new position in shares of Kimberly-Clark during the first quarter valued at $36,000. Finally, Rossby Financial LCC acquired a new position in shares of Kimberly-Clark during the first quarter valued at $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the topic of a number of research analyst reports. Evercore ISI lowered their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. Wells Fargo & Company lowered their price target 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. Piper Sandler lowered their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group lowered their price target on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $140.50.

Kimberly-Clark Price Performance

NYSE:KMB opened at $122.58 on Friday. The business’s 50-day moving average price is $128.85 and its 200 day moving average price is $132.68. The firm has a market cap of $40.67 billion, a P/E ratio of 16.24, a PEG ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 52-week low of $121.02 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.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion for 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% compared to the same quarter last year. During the same period in the previous year, the company earned $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 business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.26 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.1%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 69.42%.

Kimberly-Clark 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.