Beverly Hills Private Wealth LLC Acquires 251 Shares of Kimberly-Clark Co. $KMB

Beverly Hills Private Wealth LLC boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 8.3% in the second quarter, HoldingsChannel reports. The firm owned 3,281 shares of the company’s stock after purchasing an additional 251 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Kimberly-Clark were worth $423,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares in the last quarter. Childress Capital Advisors LLC bought a new stake in shares of Kimberly-Clark during the first quarter valued at approximately $216,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Kimberly-Clark by 11.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 96,628 shares of the company’s stock valued at $13,742,000 after acquiring an additional 9,808 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Kimberly-Clark during the first quarter valued at approximately $114,000. Finally, Longboard Asset Management LP purchased a new position in shares of Kimberly-Clark during the first quarter valued at approximately $208,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Down 0.6%

KMB stock opened at $120.70 on Tuesday. The stock’s fifty day simple moving average is $126.38 and its two-hundred day simple moving average is $131.08. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1-year low of $118.18 and a 1-year high of $150.45. The stock has a market cap of $40.05 billion, a P/E ratio of 15.99, a P/E/G ratio of 4.46 and a beta of 0.30.

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 the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. Analysts expect that Kimberly-Clark Co. will post 7.5 EPS 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 is currently 69.42%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Piper Sandler cut their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Barclays cut their target price on 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. Citigroup cut their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. JPMorgan Chase & Co. cut their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Finally, UBS Group cut their target price on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target 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.