Richards Merrill & Peterson Inc. Sells 164 Shares of Kimberly-Clark Co. $KMB

Richards Merrill & Peterson Inc. trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 8.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,686 shares of the company’s stock after selling 164 shares during the quarter. Richards Merrill & Peterson Inc.’s holdings in Kimberly-Clark were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Investment Research & Advisory Group Inc. bought a new stake in Kimberly-Clark during the 2nd quarter worth approximately $25,000. Princeton Global Asset Management LLC raised its position in Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Financial Network Wealth Advisors LLC boosted its stake in Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Elequin Capital LP bought a new stake in shares of Kimberly-Clark during the first quarter worth $36,000. Finally, Rossby Financial LCC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at $37,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.1%

Shares of NYSE KMB opened at $118.93 on Friday. Kimberly-Clark Co. has a fifty-two week low of $117.49 and a fifty-two week high of $150.45. The firm has a market capitalization of $39.46 billion, a P/E ratio of 15.75, 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 current ratio of 0.80 and a quick ratio of 0.54. The company’s 50 day simple moving average is $125.24 and its 200 day simple moving average is $130.70.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Friday, August 1st. The company reported $1.92 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 company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were issued a dividend of $1.26 per share. 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

Several research analysts recently issued reports on KMB shares. Barclays reduced their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Citigroup reduced their target price on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Piper Sandler lowered their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, Evercore ISI decreased their price objective 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. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus 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.