Welch Group LLC Has $47.39 Million Stock Holdings in Kimberly-Clark Co. $KMB

Welch Group LLC lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 367,551 shares of the company’s stock after purchasing an additional 4,201 shares during the quarter. Kimberly-Clark comprises 2.0% of Welch Group LLC’s holdings, making the stock its 29th biggest position. Welch Group LLC’s holdings in Kimberly-Clark were worth $47,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KMB. Pacer Advisors Inc. grew its position in shares of Kimberly-Clark by 2,982.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock valued at $196,878,000 after purchasing an additional 1,339,413 shares during the period. Nuveen LLC acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at approximately $106,458,000. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Kimberly-Clark by 270.2% in the 1st 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 period. Goldman Sachs Group Inc. grew its position in shares of Kimberly-Clark by 41.4% in the 1st 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. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Kimberly-Clark by 6.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock valued at $1,601,968,000 after purchasing an additional 674,046 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on KMB shares. Piper Sandler decreased their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Citigroup reduced their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday. Barclays reduced their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. UBS Group reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Evercore ISI reduced their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $137.00.

Kimberly-Clark Trading Up 0.0%

NYSE KMB opened at $119.57 on Monday. The company has a market cap of $39.67 billion, a PE ratio of 15.84, a PEG ratio of 4.46 and a beta of 0.30. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $119.36 and a 12 month high of $150.45. The stock has a 50 day moving average of $128.18 and a 200-day moving average of $131.99.

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

Kimberly-Clark Dividend Announcement

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

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.