Schnieders Capital Management LLC Trims Stock Holdings in Kimberly-Clark Co. $KMB

Schnieders Capital Management LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 21.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,886 shares of the company’s stock after selling 2,638 shares during the period. Schnieders Capital Management LLC’s holdings in Kimberly-Clark were worth $1,275,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMB. Brighton Jones LLC increased its holdings in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after purchasing an additional 2,765 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Kimberly-Clark by 31.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 125,323 shares of the company’s stock worth $17,824,000 after purchasing an additional 30,342 shares during the period. ORG Partners LLC increased its holdings in Kimberly-Clark by 246.2% during the 1st quarter. ORG Partners LLC now owns 1,485 shares of the company’s stock worth $211,000 after purchasing an additional 1,056 shares during the period. Advisor Resource Council purchased a new position in Kimberly-Clark during the 1st quarter worth $952,000. Finally, PFG Investments LLC increased its holdings in Kimberly-Clark by 8.6% during the 1st quarter. PFG Investments LLC now owns 10,897 shares of the company’s stock worth $1,550,000 after purchasing an additional 859 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 1.5%

Shares of NYSE:KMB opened at $121.44 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $40.29 billion, a PE ratio of 16.08, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 12-month low of $118.18 and a 12-month high of $150.45. The business’s fifty day simple moving average is $126.65 and its 200-day simple moving average is $131.20.

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

Kimberly-Clark Announces Dividend

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

Analysts Set New Price Targets

Several research firms have commented on KMB. Piper Sandler reduced their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. UBS Group reduced their price objective on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Evercore ISI reduced their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Finally, Citigroup cut their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average target price of $137.00.

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.