apricus wealth LLC Sells 100 Shares of Kimberly-Clark Co. $KMB

apricus wealth LLC trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 1.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 7,494 shares of the company’s stock after selling 100 shares during the period. apricus wealth LLC’s holdings in Kimberly-Clark were worth $966,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nwam LLC grew its holdings in Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after buying an additional 77 shares during the last quarter. Old North State Wealth Management LLC grew its stake 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 worth $258,000 after acquiring an additional 79 shares during the last quarter. Silver Coast Investments LLC increased its position in Kimberly-Clark by 5.2% during the first quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock worth $240,000 after acquiring an additional 83 shares during the period. Leavell Investment Management Inc. increased its position in Kimberly-Clark by 0.7% during the first quarter. Leavell Investment Management Inc. now owns 11,863 shares of the company’s stock worth $1,702,000 after acquiring an additional 85 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in Kimberly-Clark by 0.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 22,951 shares of the company’s stock valued at $3,264,000 after purchasing an additional 85 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NYSE KMB opened at $120.70 on Tuesday. Kimberly-Clark Co. has a 1-year low of $118.18 and a 1-year high of $150.45. The company has a 50 day moving average of $126.38 and a 200-day moving average of $131.08. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a market cap of $40.05 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping 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 analyst estimates of $4.85 billion. During the same period in the prior year, the company earned $1.96 EPS. Kimberly-Clark’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors 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 yield of 4.2%. Kimberly-Clark’s dividend payout ratio is 69.42%.

Analyst Ratings Changes

KMB has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Barclays reduced their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. UBS Group lowered their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Piper Sandler decreased their price objective on 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. dropped their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.