Kennon Green & Company LLC Trims Holdings in Kimberly-Clark Co. $KMB

Kennon Green & Company LLC reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 0.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 21,509 shares of the company’s stock after selling 140 shares during the period. Kimberly-Clark accounts for approximately 2.3% of Kennon Green & Company LLC’s investment portfolio, making the stock its 18th largest position. Kennon Green & Company LLC’s holdings in Kimberly-Clark were worth $2,831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of KMB. Mutual Advisors LLC boosted its position in shares of Kimberly-Clark by 14.8% during the 2nd quarter. Mutual Advisors LLC now owns 16,212 shares of the company’s stock valued at $2,065,000 after acquiring an additional 2,094 shares during the last quarter. Generali Asset Management SPA SGR raised its stake in Kimberly-Clark by 5.2% during the second quarter. Generali Asset Management SPA SGR now owns 35,111 shares of the company’s stock worth $4,527,000 after purchasing an additional 1,728 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Kimberly-Clark by 1.5% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,679 shares of the company’s stock valued at $861,000 after purchasing an additional 100 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Kimberly-Clark by 34.1% in the 2nd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 319,445 shares of the company’s stock valued at $41,180,000 after buying an additional 81,182 shares during the period. Finally, Morningstar Investment Management LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $485,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.8%

NYSE KMB opened at $120.17 on Wednesday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm has a market cap of $39.87 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 4.46 and a beta of 0.30. The firm has a 50 day simple moving average of $127.62 and a 200-day simple moving average of $131.76. Kimberly-Clark Co. has a one year low of $118.18 and a one year high of $150.45.

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

Kimberly-Clark Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on KMB shares. UBS Group decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Evercore ISI reduced their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. Citigroup lowered their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th. Piper Sandler reduced their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Finally, Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark 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.