MeadowBrook Investment Advisors LLC Has $1.02 Million Stake in Kimberly-Clark Co. $KMB

MeadowBrook Investment Advisors LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,914 shares of the company’s stock after selling 115 shares during the period. Kimberly-Clark comprises about 0.9% of MeadowBrook Investment Advisors LLC’s investment portfolio, making the stock its 27th largest holding. MeadowBrook Investment Advisors LLC’s holdings in Kimberly-Clark were worth $1,020,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Kimberly-Clark by 0.3% in the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock valued at $5,011,188,000 after acquiring an additional 92,920 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Kimberly-Clark by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after buying an additional 674,046 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Kimberly-Clark by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock valued at $1,151,309,000 after purchasing an additional 566,152 shares during the last quarter. Invesco Ltd. boosted its position in Kimberly-Clark by 3.1% during the first quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock valued at $828,811,000 after purchasing an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Kimberly-Clark by 0.9% during the first quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock valued at $492,091,000 after purchasing an additional 29,453 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KMB shares. Evercore ISI reduced their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. Piper Sandler cut their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. JPMorgan Chase & Co. cut their price objective on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Citigroup cut their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada reaffirmed an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $137.00.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $116.72 on Thursday. The stock’s fifty day moving average price is $124.45 and its two-hundred day moving average price is $130.29. Kimberly-Clark Co. has a one year low of $116.26 and a one year high of $150.45. 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 firm has a market cap of $38.73 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results 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. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.96 EPS. As a group, research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal 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 of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.3%. Kimberly-Clark’s payout ratio is presently 69.42%.

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.