Courier Capital LLC Reduces Stock Position in Kimberly-Clark Co. $KMB

Courier Capital LLC decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,921 shares of the company’s stock after selling 441 shares during the quarter. Courier Capital LLC’s holdings in Kimberly-Clark were worth $1,924,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Morningstar Investment Management LLC purchased a new stake in Kimberly-Clark during the second quarter worth $485,000. Harbour Trust & Investment Management Co boosted its position in shares of Kimberly-Clark by 21.3% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 2,002 shares of the company’s stock worth $258,000 after buying an additional 351 shares in the last quarter. RFG Advisory LLC grew its stake in Kimberly-Clark by 16.3% in the 2nd quarter. RFG Advisory LLC now owns 14,931 shares of the company’s stock valued at $1,925,000 after acquiring an additional 2,089 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Kimberly-Clark by 130.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 8,547 shares of the company’s stock valued at $1,102,000 after acquiring an additional 4,845 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Kimberly-Clark by 23.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,375 shares of the company’s stock worth $2,240,000 after acquiring an additional 3,321 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on KMB shares. Citigroup lowered their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Evercore ISI cut their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Barclays decreased their price objective on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Finally, Piper Sandler cut their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Price Performance

KMB stock opened at $120.17 on Wednesday. Kimberly-Clark Co. has a 52-week low of $118.18 and a 52-week high of $150.45. The stock’s fifty day simple moving average is $127.62 and its 200-day simple moving average is $131.76. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market capitalization of $39.87 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating 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 firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the firm posted $1.96 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 69.42%.

Kimberly-Clark Company 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.