Sfmg LLC Sells 481 Shares of Kimberly-Clark Corporation $KMB

Sfmg LLC decreased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 5.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,578 shares of the company’s stock after selling 481 shares during the quarter. Sfmg LLC’s holdings in Kimberly-Clark were worth $1,106,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KMB. Brighton Jones LLC boosted its position in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after buying an additional 2,765 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Kimberly-Clark during the 1st quarter worth about $554,000. Carnegie Investment Counsel raised its position in Kimberly-Clark by 0.8% during the first quarter. Carnegie Investment Counsel now owns 11,022 shares of the company’s stock valued at $1,483,000 after acquiring an additional 89 shares in the last quarter. Lifeworks Advisors LLC lifted its stake in shares of Kimberly-Clark by 9.2% in the 1st quarter. Lifeworks Advisors LLC now owns 4,183 shares of the company’s stock valued at $595,000 after purchasing an additional 351 shares during the period. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Kimberly-Clark by 4.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 42,095 shares of the company’s stock worth $5,987,000 after acquiring an additional 1,662 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $105.18 on Friday. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.77 and a quick ratio of 0.56. The company has a market capitalization of $34.90 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The firm’s 50-day moving average is $116.01 and its two-hundred day moving average is $126.72. Kimberly-Clark Corporation has a 12 month low of $99.22 and a 12 month high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 EPS. Analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio is 85.28%.

Analyst Ratings Changes

Several brokerages recently commented on KMB. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, November 13th. Evercore ISI reissued an “in-line” rating and set a $120.00 target price (down previously from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Citigroup lowered 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 note on Thursday, October 9th. Finally, TD Cowen decreased their price target on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $128.91.

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.