Aries Wealth Management Trims Position in Kimberly-Clark Co. $KMB

Aries Wealth Management lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 10.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,732 shares of the company’s stock after selling 330 shares during the quarter. Aries Wealth Management’s holdings in Kimberly-Clark were worth $352,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Morningstar Investment Management LLC purchased a new position in Kimberly-Clark in the 2nd quarter worth about $485,000. Harbour Trust & Investment Management Co increased its position in Kimberly-Clark by 21.3% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 2,002 shares of the company’s stock valued at $258,000 after purchasing an additional 351 shares during the period. RFG Advisory LLC increased its position in Kimberly-Clark by 16.3% during the 2nd quarter. RFG Advisory LLC now owns 14,931 shares of the company’s stock valued at $1,925,000 after purchasing an additional 2,089 shares during the period. Verdence Capital Advisors LLC increased its position in Kimberly-Clark by 130.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 8,547 shares of the company’s stock valued at $1,102,000 after purchasing an additional 4,845 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in Kimberly-Clark by 23.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,375 shares of the company’s stock valued at $2,240,000 after purchasing an additional 3,321 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.8%

NYSE:KMB opened at $120.17 on Wednesday. Kimberly-Clark Co. has a fifty-two week low of $118.18 and a fifty-two week high of $150.45. The stock has a market capitalization of $39.87 billion, a P/E ratio of 15.92, a P/E/G ratio of 4.46 and a beta of 0.30. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company’s 50-day simple moving average is $127.62 and its 200-day simple moving average is $131.76.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $1.96 EPS. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s payout ratio is presently 69.42%.

Analysts Set New Price Targets

KMB has been the topic of a number of research reports. UBS Group cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Citigroup cut their target price on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Barclays cut their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $137.00.

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.