Hall Capital Management Co. Inc. Acquires 193 Shares of Kimberly-Clark Co. $KMB

Hall Capital Management Co. Inc. increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,584 shares of the company’s stock after acquiring an additional 193 shares during the quarter. Hall Capital Management Co. Inc.’s holdings in Kimberly-Clark were worth $2,654,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of KMB. Brighton Jones LLC lifted its holdings in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after acquiring an additional 2,765 shares during the period. UMB Bank n.a. raised its stake in shares of Kimberly-Clark by 2.9% in the first quarter. UMB Bank n.a. now owns 13,110 shares of the company’s stock valued at $1,865,000 after buying an additional 372 shares during the period. Park Avenue Securities LLC raised its stake in shares of Kimberly-Clark by 4.9% in the first quarter. Park Avenue Securities LLC now owns 14,466 shares of the company’s stock valued at $2,057,000 after buying an additional 680 shares during the period. Courier Capital LLC raised its stake in shares of Kimberly-Clark by 1.1% in the first quarter. Courier Capital LLC now owns 15,362 shares of the company’s stock valued at $2,185,000 after buying an additional 169 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Kimberly-Clark by 71.8% in the first quarter. Farther Finance Advisors LLC now owns 12,920 shares of the company’s stock valued at $1,848,000 after buying an additional 5,398 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $122.33 on Wednesday. The stock has a market cap of $40.59 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a fifty-two week low of $119.63 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a fifty day moving average of $128.61 and a 200-day moving average of $132.44.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 earnings per share. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s payout ratio is presently 69.42%.

Analyst Ratings Changes

Several brokerages have issued reports on KMB. UBS Group lowered their target price on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. Piper Sandler lowered their target price 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. Evercore ISI lowered 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. JPMorgan Chase & Co. upgraded Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Finally, Wells Fargo & Company lowered their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $139.78.

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.