Carlton Hofferkamp & Jenks Wealth Management LLC Decreases Position in Kimberly-Clark Co. $KMB

Carlton Hofferkamp & Jenks Wealth Management LLC decreased its stake in Kimberly-Clark Co. (NYSE:KMB) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,706 shares of the company’s stock after selling 188 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Kimberly-Clark were worth $715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nwam LLC boosted its stake in shares of Kimberly-Clark by 1.2% during the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after acquiring an additional 77 shares in the last quarter. Old North State Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 4.6% during the 1st quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock worth $258,000 after acquiring an additional 79 shares in the last quarter. TFB Advisors LLC boosted its stake in shares of Kimberly-Clark by 4.2% during the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after acquiring an additional 82 shares in the last quarter. Silver Coast Investments LLC boosted its stake in shares of Kimberly-Clark by 5.2% during the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock worth $240,000 after acquiring an additional 83 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its stake in shares of Kimberly-Clark by 0.7% during the 1st quarter. Leavell Investment Management Inc. now owns 11,863 shares of the company’s stock worth $1,702,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KMB. JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Barclays reduced their target price on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. UBS Group reduced 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 target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Finally, Citigroup reduced their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $137.00.

Kimberly-Clark Price Performance

NYSE KMB opened at $118.93 on Friday. Kimberly-Clark Co. has a fifty-two week low of $117.49 and a fifty-two week high of $150.45. The stock’s 50-day moving average is $125.24 and its two-hundred day moving average is $130.72. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market cap of $39.46 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

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

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a $1.26 dividend. This represents a $5.04 annualized dividend 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%.

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.