Toth Financial Advisory Corp Has $1.49 Million Stake in Kimberly-Clark Corporation $KMB

Toth Financial Advisory Corp cut its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 29.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,576 shares of the company’s stock after selling 5,596 shares during the quarter. Toth Financial Advisory Corp’s holdings in Kimberly-Clark were worth $1,490,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund increased its stake in shares of Kimberly-Clark by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after buying an additional 100 shares during the period. New Mexico Educational Retirement Board boosted its holdings in Kimberly-Clark by 0.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after acquiring an additional 100 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in Kimberly-Clark by 18.3% in the first quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after acquiring an additional 103 shares during the last quarter. Core Wealth Partners LLC increased its position in Kimberly-Clark by 2.6% during the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock valued at $439,000 after purchasing an additional 112 shares during the period. Finally, Assetmark Inc. raised its holdings in Kimberly-Clark by 0.6% during the 1st quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock worth $1,950,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KMB. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Piper Sandler restated an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. UBS Group raised their target price on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Barclays lifted their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company boosted their price target on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Trading Down 0.4%

NASDAQ KMB opened at $109.55 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $131.53. The business has a 50 day moving average price of $109.66 and a 200-day moving average price of $103.71. The company has a market cap of $36.43 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 5.24 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the company posted $1.92 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts expect that Kimberly-Clark Corporation will post 7.42 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s payout ratio is presently 87.07%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.