MAI Capital Management Sells 1,020 Shares of Kimberly-Clark Corporation $KMB

MAI Capital Management lessened its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,224 shares of the company’s stock after selling 1,020 shares during the period. MAI Capital Management’s holdings in Kimberly-Clark were worth $9,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC boosted its holdings in shares of Kimberly-Clark by 176.1% in the 1st 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 in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of Kimberly-Clark during the 2nd quarter valued at approximately $25,000. Princeton Global Asset Management LLC lifted its stake in Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Winnow Wealth LLC acquired a new stake in Kimberly-Clark in the second quarter valued at approximately $27,000. Finally, Elequin Capital LP acquired a new stake in Kimberly-Clark in the first quarter valued at approximately $36,000. 76.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TD Cowen dropped their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Piper Sandler lowered 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, October 2nd. Evercore ISI reissued an “in-line” rating and set a $120.00 price target (down from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. JPMorgan Chase & Co. raised their price objective on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Morgan Stanley reduced their target price on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $128.91.

Kimberly-Clark Price Performance

KMB stock opened at $105.18 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. The firm has a market cap of $34.90 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 3.67 and a beta of 0.26. The company’s fifty day simple moving average is $116.01 and its 200 day simple moving average is $126.72. Kimberly-Clark Corporation has a 12-month low of $99.22 and a 12-month high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $1.83 EPS. On average, analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, December 5th. Kimberly-Clark’s payout ratio is presently 85.28%.

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.