Kimberly-Clark Co. $KMB Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,121 shares of the company’s stock after selling 673 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Kimberly-Clark were worth $1,695,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake 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 in the last quarter. Nuveen LLC acquired a new stake in Kimberly-Clark in the first quarter valued at approximately $106,458,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after buying an additional 718,720 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Kimberly-Clark by 41.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock worth $334,406,000 after buying an additional 687,868 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Kimberly-Clark by 6.4% during 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 buying an additional 674,046 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 1.5%

Shares of NYSE KMB opened at $121.44 on Friday. The stock has a market cap of $40.29 billion, a PE ratio of 16.08, a P/E/G 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 $118.18 and a 12-month high of $150.45. The company has a 50-day moving average of $126.65 and a 200 day moving average of $131.29.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 EPS. As a group, sell-side analysts predict 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. Shareholders of record on Friday, September 5th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. Kimberly-Clark’s payout ratio is 69.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target 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. Evercore ISI cut their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, September 22nd. Barclays reduced their price target on shares of 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. Citigroup lowered their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Finally, Piper Sandler reduced their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $137.00.

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.