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

TFB Advisors LLC lessened its position in Kimberly-Clark Co. (NYSE:KMB) by 3.9% in the 1st quarter, Holdings Channel reports. The fund owned 1,940 shares of the company’s stock after selling 78 shares during the period. TFB Advisors LLC’s holdings in Kimberly-Clark were worth $276,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KMB. Cornerstone Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after purchasing an additional 74 shares during the period. Tudor Financial Inc. boosted its stake in shares of Kimberly-Clark by 3.8% in the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after purchasing an additional 75 shares during the period. Park National Corp OH raised its holdings in Kimberly-Clark by 2.6% in the first quarter. Park National Corp OH now owns 3,031 shares of the company’s stock valued at $431,000 after acquiring an additional 77 shares in the last quarter. Hoge Financial Services LLC raised its holdings in Kimberly-Clark by 4.2% in the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock valued at $271,000 after acquiring an additional 77 shares in the last quarter. Finally, Nwam LLC raised its holdings in Kimberly-Clark by 1.2% in the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $133.26 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The company has a market capitalization of $44.21 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 4.46 and a beta of 0.33. The firm has a 50-day moving average of $130.40 and a two-hundred day moving average of $135.09.

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

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s dividend payout ratio is 69.42%.

Analyst Ratings Changes

Several analysts have weighed in on KMB shares. Piper Sandler started coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an “overweight” rating and a $144.00 target price for the company. UBS Group lowered their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Wall Street Zen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Evercore ISI decreased their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and upped their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $142.70.

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.