Apollon Wealth Management LLC Increases Position in Kimberly-Clark Co. $KMB

Apollon Wealth Management LLC lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 13.0% during the second quarter, Holdings Channel reports. The fund owned 16,822 shares of the company’s stock after purchasing an additional 1,932 shares during the quarter. Apollon Wealth Management LLC’s holdings in Kimberly-Clark were worth $2,169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Pacific Financial purchased a new stake in shares of Kimberly-Clark during the first quarter worth about $26,000. Financial Network Wealth Advisors LLC increased its position in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark during the second quarter worth about $25,000. Elequin Capital LP purchased a new stake in shares of Kimberly-Clark during the first quarter worth about $36,000. Finally, AlphaCore Capital LLC purchased a new stake in shares of Kimberly-Clark during the first quarter worth about $37,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $119.57 on Monday. 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 business has a 50 day moving average of $128.18 and a two-hundred day moving average of $131.99. Kimberly-Clark Co. has a 52 week low of $119.36 and a 52 week high of $150.45. The company has a market cap of $39.67 billion, a P/E ratio of 15.84, a PEG ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Friday, August 1st. The company reported $1.92 EPS 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 during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. Kimberly-Clark’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on KMB. UBS Group decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research note on Friday. Evercore ISI decreased their price target 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. Citigroup decreased their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday. Finally, Piper Sandler decreased their price target 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. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $137.00.

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.