GSB Wealth Management LLC Decreases Holdings in Kimberly-Clark Co. $KMB

GSB Wealth Management LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,779 shares of the company’s stock after selling 132 shares during the period. GSB Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. First Pacific Financial purchased a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $26,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Kimberly-Clark by 176.1% in the 1st 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 last quarter. Elequin Capital LP purchased a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $36,000. Rossby Financial LCC purchased a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $37,000. Finally, AlphaCore Capital LLC purchased a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $37,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Evercore ISI reduced their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday. Barclays boosted their target price on Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Piper Sandler initiated coverage on Kimberly-Clark in a research report on Friday, July 18th. They issued an “overweight” rating and a $144.00 price target on the stock. JPMorgan Chase & Co. upgraded Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Finally, UBS Group dropped their price target on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $142.20.

Kimberly-Clark Stock Performance

KMB opened at $124.07 on Tuesday. The stock has a market cap of $41.16 billion, a P/E ratio of 16.43, a P/E/G ratio of 4.46 and a beta of 0.32. 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 stock’s 50 day simple moving average is $129.67 and its 200 day simple moving average is $133.77. Kimberly-Clark Co. has a 1-year low of $123.80 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion for 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 company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.96 EPS. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.1%. Kimberly-Clark’s dividend payout ratio 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.