Concurrent Investment Advisors LLC Has $1.59 Million Position in Kimberly-Clark Co. $KMB

Concurrent Investment Advisors LLC raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 14.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,355 shares of the company’s stock after purchasing an additional 1,591 shares during the period. Concurrent Investment Advisors LLC’s holdings in Kimberly-Clark were worth $1,593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KMB. Investment Research & Advisory Group Inc. acquired a new position in shares of Kimberly-Clark in the second quarter valued at $25,000. First Pacific Financial acquired a new position in shares of Kimberly-Clark in the first quarter valued at $26,000. Financial Network Wealth Advisors LLC increased its holdings in shares of Kimberly-Clark by 176.1% in 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 acquired a new position in shares of Kimberly-Clark in the first quarter valued at $36,000. Finally, Rossby Financial LCC acquired a new position in shares of Kimberly-Clark in the first quarter valued at $37,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on KMB. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Piper Sandler reduced 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 report on Thursday, October 2nd. Evercore ISI reduced their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. Finally, Citigroup reduced their target price on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Trading Down 0.2%

Shares of Kimberly-Clark stock opened at $119.92 on Thursday. The company has a market capitalization of $39.79 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 4.46 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12-month low of $118.18 and a 12-month high of $150.45. The firm’s 50-day moving average price is $127.28 and its two-hundred day moving average price is $131.68.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 12.69% and a return on equity of 201.43%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 earnings per share. On average, analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed 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. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s dividend payout ratio is presently 69.42%.

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.