Kimberly-Clark Co. $KMB Position Cut by Cypress Capital Group

Cypress Capital Group reduced its holdings in Kimberly-Clark Co. (NYSE:KMB) by 35.5% during the 2nd quarter, Holdings Channel reports. The fund owned 3,306 shares of the company’s stock after selling 1,816 shares during the quarter. Cypress Capital Group’s holdings in Kimberly-Clark were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC lifted its holdings in Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock worth $577,000 after purchasing an additional 74 shares during the period. Hoge Financial Services LLC raised its position in shares of Kimberly-Clark by 4.2% during the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock worth $271,000 after buying an additional 77 shares in the last quarter. Nwam LLC lifted its stake in shares of Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after acquiring an additional 77 shares during the period. Old North State Wealth Management LLC boosted its holdings in shares of Kimberly-Clark by 4.6% in the first quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock valued at $258,000 after acquiring an additional 79 shares in the last quarter. Finally, Silver Coast Investments LLC increased its stake in shares of Kimberly-Clark by 5.2% during the first quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock valued at $240,000 after acquiring an additional 83 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KMB. 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, October 9th. Wells Fargo & Company decreased their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Piper Sandler dropped their price target 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, October 2nd. Evercore ISI cut their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Finally, Barclays lowered their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $137.00.

Kimberly-Clark Stock Performance

Shares of KMB opened at $119.27 on Tuesday. The company has a 50-day moving average of $127.90 and a two-hundred day moving average of $131.84. The stock has a market cap of $39.57 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 4.46 and a beta of 0.30. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a one year low of $118.18 and a one year high of $150.45.

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

Kimberly-Clark Dividend Announcement

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