Strategies Wealth Advisors LLC Reduces Stock Position in Kimberly-Clark Co. $KMB

Strategies Wealth Advisors LLC cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,009 shares of the company’s stock after selling 84 shares during the quarter. Strategies Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $286,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KMB. Brighton Jones LLC grew its position in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after acquiring an additional 2,765 shares in the last quarter. MGO One Seven LLC grew its position in shares of Kimberly-Clark by 17.5% in the 4th quarter. MGO One Seven LLC now owns 15,212 shares of the company’s stock worth $1,993,000 after acquiring an additional 2,264 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Kimberly-Clark by 2.0% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 91,717 shares of the company’s stock worth $12,019,000 after acquiring an additional 1,829 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Kimberly-Clark by 0.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 26,064 shares of the company’s stock worth $3,415,000 after acquiring an additional 102 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Kimberly-Clark by 6.0% in the 4th quarter. Voya Investment Management LLC now owns 152,963 shares of the company’s stock worth $20,044,000 after acquiring an additional 8,666 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.4%

NYSE:KMB opened at $133.49 on Friday. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The firm has a market capitalization of $44.29 billion, a P/E ratio of 17.68, a P/E/G ratio of 4.46 and a beta of 0.33. 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 business has a 50 day simple moving average of $130.43 and a 200 day simple moving average of $135.14.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 EPS. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 3.8%. Kimberly-Clark’s payout ratio is presently 69.42%.

Wall Street Analyst Weigh In

KMB has been the subject of several research reports. UBS Group decreased their target price on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. JPMorgan Chase & Co. upgraded Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Barclays boosted their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Finally, Piper Sandler began coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an “overweight” rating and a $144.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $142.70.

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.