Private Wealth Asset Management LLC Reduces Stock Holdings in Kimberly-Clark Co. $KMB

Private Wealth Asset Management LLC reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 16.9% in the second quarter, HoldingsChannel reports. The firm owned 1,238 shares of the company’s stock after selling 251 shares during the quarter. Private Wealth Asset Management LLC’s holdings in Kimberly-Clark were worth $160,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Investment Research & Advisory Group Inc. bought a new stake in Kimberly-Clark during the second quarter valued at approximately $25,000. First Pacific Financial purchased a new position in shares of Kimberly-Clark during the 1st quarter worth $26,000. Financial Network Wealth Advisors LLC boosted its stake in shares of Kimberly-Clark by 176.1% during the 1st 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. Elequin Capital LP bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at $36,000. Finally, Rossby Financial LCC purchased a new stake in shares of Kimberly-Clark in the 1st quarter worth $37,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.2%

KMB stock opened at $119.92 on Thursday. 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 1-year low of $118.18 and a 1-year high of $150.45. The business has a 50 day simple moving average of $127.28 and a two-hundred day simple moving average of $131.68. The company has a market capitalization of $39.79 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (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 firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter last year, the business posted $1.96 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a $1.26 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.2%. Kimberly-Clark’s payout ratio is presently 69.42%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KMB shares. Wells Fargo & Company lowered their target price on 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. 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 research note on Wednesday, October 8th. Evercore ISI cut 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. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Finally, Citigroup lowered their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Three 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 company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $137.00.

Kimberly-Clark 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.