Equitable Trust Co. Sells 130 Shares of Kimberly-Clark Co. $KMB

Equitable Trust Co. lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,073 shares of the company’s stock after selling 130 shares during the period. Equitable Trust Co.’s holdings in Kimberly-Clark were worth $1,170,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Morningstar Investment Management LLC bought a new stake in shares of Kimberly-Clark during the second quarter worth $485,000. Harbour Trust & Investment Management Co grew its holdings in shares of Kimberly-Clark by 21.3% during the second quarter. Harbour Trust & Investment Management Co now owns 2,002 shares of the company’s stock worth $258,000 after purchasing an additional 351 shares during the last quarter. RFG Advisory LLC grew its holdings in shares of Kimberly-Clark by 16.3% during the second quarter. RFG Advisory LLC now owns 14,931 shares of the company’s stock worth $1,925,000 after purchasing an additional 2,089 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Kimberly-Clark by 130.9% during the second quarter. Verdence Capital Advisors LLC now owns 8,547 shares of the company’s stock worth $1,102,000 after purchasing an additional 4,845 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of 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 purchasing an additional 3,321 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.8%

NYSE:KMB opened at $120.17 on Wednesday. Kimberly-Clark Co. has a 1-year low of $118.18 and a 1-year high of $150.45. The business’s 50-day moving average price is $127.62 and its two-hundred day moving average price is $131.76. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a market capitalization of $39.87 billion, a price-to-earnings ratio of 15.92, a PEG 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 earnings per share 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 for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the firm posted $1.96 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently commented on KMB. Wells Fargo & Company decreased their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Barclays cut their price target 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. UBS Group cut their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Finally, Piper Sandler cut their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $137.00.

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.