Mitchell Mcleod Pugh & Williams Inc. Has $861,000 Stake in Kimberly-Clark Co. $KMB

Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,679 shares of the company’s stock after buying an additional 100 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Kimberly-Clark were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Kimberly-Clark by 0.3% during the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock worth $5,011,188,000 after buying an additional 92,920 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Kimberly-Clark by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after buying an additional 674,046 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Kimberly-Clark by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock valued at $1,151,309,000 after purchasing an additional 566,152 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Kimberly-Clark by 3.1% in the first quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock valued at $828,811,000 after purchasing an additional 173,915 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Kimberly-Clark by 0.9% in the first quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock valued at $492,091,000 after purchasing an additional 29,453 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group lowered their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Citigroup lowered their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th. Piper Sandler lowered their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Barclays lowered their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Price Performance

KMB opened at $120.17 on Wednesday. The company has a fifty day moving average price of $127.62 and a two-hundred day moving average price of $131.76. 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 Co. has a 52 week low of $118.18 and a 52 week high of $150.45. The firm has a market capitalization of $39.87 billion, a PE ratio of 15.92, a P/E/G ratio of 4.46 and a beta of 0.30.

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

Kimberly-Clark Announces Dividend

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

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.