Kimberly-Clark Co. $KMB Stake Trimmed by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,390 shares of the company’s stock after selling 150 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KMB. First Pacific Financial acquired a new stake in Kimberly-Clark during the 1st quarter worth about $26,000. Financial Network Wealth Advisors LLC boosted its position in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter worth about $25,000. Elequin Capital LP acquired a new stake in Kimberly-Clark during the 1st quarter worth about $36,000. Finally, AlphaCore Capital LLC acquired a new stake in Kimberly-Clark during the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.0%

Shares of NYSE KMB opened at $122.58 on Friday. The stock has a market cap of $40.67 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 4.46 and a beta of 0.30. The business has a 50 day simple moving average of $128.85 and a 200 day simple moving average of $132.68. Kimberly-Clark Co. has a 52 week low of $121.02 and a 52 week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS 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 business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s payout ratio is 69.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Evercore ISI decreased their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. UBS Group decreased their price objective on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Piper Sandler decreased their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Three equities 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 MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $140.50.

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.