Hall Capital Management Co. Inc. Has $2.65 Million Stock Position in Kimberly-Clark Co. $KMB

Hall Capital Management Co. Inc. increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,584 shares of the company’s stock after purchasing an additional 193 shares during the period. Hall Capital Management Co. Inc.’s holdings in Kimberly-Clark were worth $2,654,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares during the period. UMB Bank n.a. grew its stake in Kimberly-Clark by 2.9% in the first quarter. UMB Bank n.a. now owns 13,110 shares of the company’s stock valued at $1,865,000 after acquiring an additional 372 shares during the period. Park Avenue Securities LLC grew its stake in Kimberly-Clark by 4.9% in the first quarter. Park Avenue Securities LLC now owns 14,466 shares of the company’s stock valued at $2,057,000 after acquiring an additional 680 shares during the period. Courier Capital LLC grew its stake in Kimberly-Clark by 1.1% in the first quarter. Courier Capital LLC now owns 15,362 shares of the company’s stock valued at $2,185,000 after acquiring an additional 169 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Kimberly-Clark by 71.8% in the first quarter. Farther Finance Advisors LLC now owns 12,920 shares of the company’s stock valued at $1,848,000 after acquiring an additional 5,398 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KMB shares. Barclays reduced their price objective on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $125.00 to $138.00 in a research note on Monday, August 4th. UBS Group reduced their price objective on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Piper Sandler reduced their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Finally, Evercore ISI reduced 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, September 22nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $139.78.

Kimberly-Clark Stock Up 1.5%

KMB stock opened at $122.33 on Wednesday. Kimberly-Clark Co. has a twelve month low of $119.63 and a twelve month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock’s 50 day moving average is $128.61 and its 200-day moving average is $132.44. The firm has a market capitalization of $40.59 billion, a PE ratio of 16.20, a P/E/G ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the company earned $1.96 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

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