Kimberly-Clark Co. $KMB Shares Acquired by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 46.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,405 shares of the company’s stock after purchasing an additional 763 shares during the period. Keudell Morrison Wealth Management’s holdings in Kimberly-Clark were worth $310,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark during the second quarter valued at $25,000. First Pacific Financial purchased a new stake in shares of Kimberly-Clark during the first quarter valued at $26,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of Kimberly-Clark during the first quarter valued at $36,000. Finally, Rossby Financial LCC purchased a new stake in shares of Kimberly-Clark during the first quarter valued at $37,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $122.58 on Friday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a fifty-two week low of $121.02 and a fifty-two week high of $150.45. The stock’s 50-day moving average is $128.85 and its two-hundred day moving average is $132.68. The firm has a market cap of $40.67 billion, a P/E ratio of 16.24, a PEG ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company 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 firm posted $1.96 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. Analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark’s dividend payout ratio is presently 69.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KMB shares. Piper Sandler reduced their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday. JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and upped their price target for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Evercore ISI dropped their price target 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. Wells Fargo & Company dropped their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, UBS Group dropped their price target on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $140.50.

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.