MCF Advisors LLC Decreases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

MCF Advisors LLC lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,842 shares of the company’s stock after selling 153 shares during the period. MCF Advisors LLC’s holdings in Kimberly-Clark were worth $674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC boosted its position in shares of Kimberly-Clark by 12.4% in the fourth quarter. Private Advisor Group LLC now owns 39,601 shares of the company’s stock worth $4,812,000 after buying an additional 4,375 shares during the period. Apollon Wealth Management LLC boosted its holdings in Kimberly-Clark by 9.8% in the 4th quarter. Apollon Wealth Management LLC now owns 10,500 shares of the company’s stock worth $1,276,000 after acquiring an additional 935 shares during the period. National Pension Service grew its position in Kimberly-Clark by 3.1% in the fourth quarter. National Pension Service now owns 833,376 shares of the company’s stock valued at $101,264,000 after acquiring an additional 25,077 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $815,000. Finally, Smithfield Trust Co lifted its position in shares of Kimberly-Clark by 1.9% during the fourth quarter. Smithfield Trust Co now owns 7,225 shares of the company’s stock worth $872,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. BNP Paribas initiated coverage on Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 target price on the stock. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Piper Sandler lifted their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, TD Cowen initiated coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Stock Down 0.2 %

Shares of NYSE:KMB opened at $148.05 on Friday. The company’s fifty day moving average is $141.33 and its two-hundred day moving average is $134.31. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $149.30. The stock has a market capitalization of $49.85 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 3.07 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. Kimberly-Clark’s quarterly revenue was down 2.0% on a year-over-year basis. Equities analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly 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 accessible through this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were 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 $1,038,976.68. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark 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.