Albion Financial Group UT Sells 270 Shares of Kimberly-Clark Co. $KMB

Albion Financial Group UT lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.1% during the second quarter, HoldingsChannel reports. The fund owned 23,882 shares of the company’s stock after selling 270 shares during the quarter. Albion Financial Group UT’s holdings in Kimberly-Clark were worth $3,079,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. Brighton Jones LLC grew its position in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after acquiring an additional 2,765 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Kimberly-Clark by 12.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 94,981 shares of the company’s stock worth $12,446,000 after buying an additional 10,283 shares during the period. Wellington Management Group LLP lifted its holdings in Kimberly-Clark by 36.5% during the 4th quarter. Wellington Management Group LLP now owns 28,884 shares of the company’s stock worth $3,785,000 after buying an additional 7,729 shares during the period. Versant Capital Management Inc acquired a new position in Kimberly-Clark during the 1st quarter worth about $250,000. Finally, Moody National Bank Trust Division lifted its holdings in Kimberly-Clark by 8.7% during the 1st quarter. Moody National Bank Trust Division now owns 2,016 shares of the company’s stock worth $287,000 after buying an additional 162 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.4%

Shares of NYSE:KMB opened at $122.23 on Monday. The company has a market capitalization of $40.55 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 4.46 and a beta of 0.32. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The business’s 50-day moving average is $129.31 and its 200-day moving average is $133.21. Kimberly-Clark Co. has a 1 year low of $121.02 and a 1 year high of $150.45.

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, beating analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the business earned $1.96 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s dividend payout ratio is 69.42%.

Wall Street Analyst Weigh In

Several brokerages have commented on KMB. Piper Sandler began coverage on Kimberly-Clark in a report on Friday, July 18th. They set an “overweight” rating and a $144.00 target price on the stock. Evercore ISI cut their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. Wells Fargo & Company cut 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. UBS Group cut their target price on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Finally, Barclays lifted their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $141.20.

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.