Kingswood Wealth Advisors LLC Decreases Stake in Kimberly-Clark Co. $KMB

Kingswood Wealth Advisors LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 49.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,338 shares of the company’s stock after selling 2,318 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $301,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of KMB. Pacer Advisors Inc. boosted its position in Kimberly-Clark by 2,982.8% during the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock worth $196,878,000 after purchasing an additional 1,339,413 shares in the last quarter. Nuveen LLC purchased a new stake in Kimberly-Clark during the first quarter worth $106,458,000. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock worth $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Kimberly-Clark by 41.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock worth $334,406,000 after purchasing an additional 687,868 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in 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 purchasing an additional 674,046 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research report on Friday. Citigroup reduced their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday. Piper Sandler reduced their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Wells Fargo & Company reduced their price objective 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 reduced their price objective on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday. Three 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.com, the company presently has an average rating of “Hold” and a consensus price target of $137.00.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $119.57 on Friday. The firm has a market capitalization of $39.67 billion, a PE ratio of 15.84, 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 business has a 50-day moving average of $128.18 and a two-hundred day moving average of $132.10. Kimberly-Clark Co. has a 12 month low of $119.36 and a 12 month high of $150.45.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion during 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 firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 earnings per share. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a dividend of $1.26 per share. The ex-dividend date was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.2%. Kimberly-Clark’s dividend payout ratio is currently 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.