CHICAGO TRUST Co NA Boosts Holdings in Kimberly-Clark Co. $KMB

CHICAGO TRUST Co NA grew its position in Kimberly-Clark Co. (NYSE:KMB) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,596 shares of the company’s stock after purchasing an additional 149 shares during the period. CHICAGO TRUST Co NA’s holdings in Kimberly-Clark were worth $721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KMB. First Pacific Financial acquired a new position in Kimberly-Clark during the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC increased its holdings in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Elequin Capital LP purchased a new stake in Kimberly-Clark during the 1st quarter worth approximately $36,000. Rossby Financial LCC acquired a new stake in shares of Kimberly-Clark during the 1st quarter valued at approximately $37,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Kimberly-Clark during the 1st quarter valued at approximately $37,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Trading Down 0.2%

NYSE:KMB opened at $123.82 on Wednesday. Kimberly-Clark Co. has a 1 year low of $122.58 and a 1 year high of $150.45. The stock has a market cap of $41.08 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 4.46 and a beta of 0.32. The business has a fifty day moving average of $129.62 and a 200-day moving average of $133.70. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

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

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders 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 annualized dividend and a dividend yield of 4.1%. Kimberly-Clark’s dividend payout ratio is 69.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. 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. Evercore ISI lowered their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday. Piper Sandler started coverage on Kimberly-Clark in a research note on Friday, July 18th. They set an “overweight” rating and a $144.00 price objective for the company. Barclays upped their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. upgraded Kimberly-Clark from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $142.20.

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.