Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Lowered by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC cut its position in Kimberly-Clark Co. (NYSE:KMB) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,184 shares of the company’s stock after selling 199 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $1,022,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CX Institutional boosted its position in shares of Kimberly-Clark by 1.2% during the second quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after buying an additional 71 shares during the period. Wesbanco Bank Inc. boosted its position in Kimberly-Clark by 0.9% during the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after acquiring an additional 71 shares during the period. Capital Investment Counsel Inc grew its stake in shares of Kimberly-Clark by 0.8% in the first quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock worth $1,296,000 after purchasing an additional 75 shares in the last quarter. My Legacy Advisors LLC increased its holdings in shares of Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after purchasing an additional 76 shares during the period. Finally, Connecticut Wealth Management LLC raised its stake in shares of Kimberly-Clark by 4.6% during the first quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $227,000 after purchasing an additional 77 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on KMB shares. Argus raised shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. UBS Group lowered their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, Piper Sandler upped their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Trading Down 1.1 %

Shares of NYSE KMB opened at $135.52 on Monday. The business has a 50-day moving average price of $142.94 and a two-hundred day moving average price of $138.87. Kimberly-Clark Co. has a one year low of $116.63 and a one year high of $149.30. The firm has a market capitalization of $45.63 billion, a PE ratio of 17.58, a PEG ratio of 2.89 and a beta of 0.39. The company has a current ratio of 0.83, a quick ratio of 0.58 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the previous year, the company posted $1.74 EPS. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. As a group, analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

About Kimberly-Clark

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.