Jeppson Wealth Management LLC Sells 91 Shares of Kimberly-Clark Co. (NYSE:KMB)

Jeppson Wealth Management LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,235 shares of the company’s stock after selling 91 shares during the period. Jeppson Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Kimberly-Clark by 18.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after purchasing an additional 69,794 shares in the last quarter. Virtu Financial LLC boosted its holdings in Kimberly-Clark by 506.8% during the 4th quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock worth $1,574,000 after acquiring an additional 10,820 shares during the last quarter. Nixon Peabody Trust Co. bought a new stake in shares of Kimberly-Clark in the 4th quarter worth $1,081,000. Focus Financial Network Inc. ADV purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $1,094,000. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Kimberly-Clark during the fourth quarter valued at about $11,994,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the subject of several analyst reports. BNP Paribas initiated coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective for the company. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. TD Cowen assumed coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Piper Sandler lifted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Performance

KMB traded down $0.34 on Friday, hitting $147.71. The company’s stock had a trading volume of 49,961 shares, compared to its average volume of 2,125,283. The company’s 50 day simple moving average is $141.33 and its 200-day simple moving average is $134.31. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $149.30. The firm has a market cap of $49.74 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 3.07 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 earnings per share. Analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s payout ratio is 89.71%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Company 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.