Comprehensive Financial Consultants Institutional Inc. Sells 89 Shares of Kimberly-Clark Co. $KMB

Comprehensive Financial Consultants Institutional Inc. lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,625 shares of the company’s stock after selling 89 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Kimberly-Clark were worth $725,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Cornerstone Wealth Management LLC increased its stake in Kimberly-Clark by 1.9% during the 1st 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 in the last quarter. Tudor Financial Inc. increased its stake in Kimberly-Clark by 3.8% during the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after purchasing an additional 75 shares in the last quarter. Hoge Financial Services LLC increased its stake in Kimberly-Clark by 4.2% during the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock valued at $271,000 after purchasing an additional 77 shares in the last quarter. Nwam LLC increased its stake in Kimberly-Clark by 1.2% during the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after purchasing an additional 77 shares in the last quarter. Finally, Old North State Wealth Management LLC increased its stake in Kimberly-Clark by 4.6% during the 1st quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock valued at $258,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB opened at $122.58 on Monday. 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 company has a market capitalization of $40.67 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 4.46 and a beta of 0.30. The firm’s fifty day moving average price is $128.85 and its two-hundred day moving average price is $132.63. Kimberly-Clark Co. has a 1 year low of $121.02 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued 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 company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 EPS. As a group, analysts anticipate 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 was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark’s payout ratio is 69.42%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Piper Sandler decreased their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday. Barclays decreased their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday. Evercore ISI decreased their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, September 22nd. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $140.50.

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.