Mutual Advisors LLC Has $2.07 Million Position in Kimberly-Clark Co. $KMB

Mutual Advisors LLC grew its stake in Kimberly-Clark Co. (NYSE:KMB) by 14.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,212 shares of the company’s stock after purchasing an additional 2,094 shares during the period. Mutual Advisors LLC’s holdings in Kimberly-Clark were worth $2,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KMB. Investment Research & Advisory Group Inc. bought a new position in Kimberly-Clark in the 2nd quarter valued at approximately $25,000. First Pacific Financial bought a new position in Kimberly-Clark in the 1st quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC raised its holdings in 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 purchasing an additional 125 shares during the last quarter. Elequin Capital LP bought a new position in Kimberly-Clark during the 1st quarter worth approximately $36,000. Finally, Rossby Financial LCC bought a new position in Kimberly-Clark during the 1st quarter worth approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of 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. Evercore ISI reduced their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. UBS Group cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Piper Sandler cut 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, JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Trading Down 0.2%

Shares of Kimberly-Clark stock opened at $119.70 on Friday. Kimberly-Clark Co. has a 52-week low of $118.18 and a 52-week high of $150.45. The stock’s 50-day simple moving average is $126.94 and its 200 day simple moving average is $131.53. The stock has a market capitalization of $39.71 billion, a P/E ratio of 15.85, a P/E/G ratio of 4.46 and a beta of 0.30. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (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 business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the previous year, the business posted $1.96 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

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