Capital Advisors Inc. OK Has $221,000 Stock Position in Kimberly-Clark Co. $KMB

Capital Advisors Inc. OK lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,717 shares of the company’s stock after selling 302 shares during the period. Capital Advisors Inc. OK’s holdings in Kimberly-Clark were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KMB. Pacer Advisors Inc. increased its holdings in shares of Kimberly-Clark by 2,982.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock valued at $196,878,000 after acquiring an additional 1,339,413 shares during the last quarter. Trinity Financial Advisors LLC bought a new stake in Kimberly-Clark during the first quarter worth approximately $181,762,000. Nuveen LLC bought a new stake in Kimberly-Clark during the first quarter worth approximately $106,458,000. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after purchasing an additional 718,720 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Kimberly-Clark by 41.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock valued at $334,406,000 after purchasing an additional 687,868 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMB has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Evercore ISI decreased their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, September 22nd. Barclays dropped their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Finally, Piper Sandler dropped their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday. Three investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $140.50.

Kimberly-Clark Stock Performance

KMB opened at $120.54 on Tuesday. The stock’s 50 day simple moving average is $128.72 and its 200-day simple moving average is $132.51. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market cap of $39.99 billion, a PE ratio of 15.97, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 1 year low of $120.45 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. The firm 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%.Kimberly-Clark’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $1.96 earnings per share. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.26 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. Kimberly-Clark’s payout ratio is presently 69.42%.

About Kimberly-Clark

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.