Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Abich Financial Wealth Management LLC

Abich Financial Wealth Management LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 64.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 454 shares of the company’s stock after selling 835 shares during the period. Abich Financial Wealth Management LLC’s holdings in Kimberly-Clark were worth $65,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KMB. Farmers & Merchants Investments Inc. boosted its stake in Kimberly-Clark by 0.8% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 42,861 shares of the company’s stock worth $6,098,000 after purchasing an additional 349 shares during the period. MONECO Advisors LLC raised its holdings in Kimberly-Clark by 7.8% in the 3rd quarter. MONECO Advisors LLC now owns 1,750 shares of the company’s stock worth $249,000 after acquiring an additional 127 shares during the period. Fortitude Family Office LLC raised its holdings in Kimberly-Clark by 267.7% in the 3rd quarter. Fortitude Family Office LLC now owns 1,195 shares of the company’s stock worth $170,000 after acquiring an additional 870 shares during the period. abrdn plc raised its holdings in Kimberly-Clark by 1.1% in the 3rd quarter. abrdn plc now owns 454,352 shares of the company’s stock worth $64,538,000 after acquiring an additional 5,109 shares during the period. Finally, Smith Group Asset Management LLC raised its holdings in Kimberly-Clark by 28.7% in the 3rd quarter. Smith Group Asset Management LLC now owns 11,751 shares of the company’s stock worth $1,672,000 after acquiring an additional 2,620 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays raised their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. UBS Group dropped their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Stock Performance

NYSE:KMB traded up $0.03 during mid-day trading on Tuesday, reaching $135.65. 139,006 shares of the company’s stock were exchanged, compared to its average volume of 2,111,276. Kimberly-Clark Co. has a one year low of $117.46 and a one year high of $149.30. The firm has a market capitalization of $45.67 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.89 and a beta of 0.39. The business’s fifty day simple moving average is $142.79 and its two-hundred day simple moving average is $138.94. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.58 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the company posted $1.74 EPS. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. Analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

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.