Sequoia Financial Advisors LLC Purchases 1,845 Shares of Kimberly-Clark Co. $KMB

Sequoia Financial Advisors LLC lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,595 shares of the company’s stock after buying an additional 1,845 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kimberly-Clark were worth $6,652,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KMB. Pacer Advisors Inc. increased its holdings in Kimberly-Clark by 2,982.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock worth $196,878,000 after purchasing an additional 1,339,413 shares in the last quarter. Nuveen LLC bought a new position in Kimberly-Clark during the 1st quarter worth about $106,458,000. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock worth $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Kimberly-Clark by 41.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock worth $334,406,000 after purchasing an additional 687,868 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Kimberly-Clark by 6.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after purchasing an additional 674,046 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on KMB. UBS Group lowered their target price on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Piper Sandler reduced their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Barclays reduced their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Finally, Citigroup reduced their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Trading Down 0.3%

Shares of NYSE:KMB opened at $119.27 on Tuesday. Kimberly-Clark Co. has a 52-week low of $118.18 and a 52-week high of $150.45. The company has a market capitalization of $39.57 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The company has a 50-day simple moving average of $127.90 and a 200 day simple moving average of $131.84. 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 issued its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period last year, the business posted $1.96 EPS. Kimberly-Clark’s revenue was down 1.6% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 69.42%.

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.