SWS Partners Decreases Stake in Kimberly-Clark Co. $KMB

SWS Partners reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 3.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,329 shares of the company’s stock after selling 412 shares during the quarter. SWS Partners’ holdings in Kimberly-Clark were worth $1,469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cornerstone Wealth Management LLC raised its position in shares of Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after purchasing an additional 74 shares during the last quarter. Tudor Financial Inc. raised its position in Kimberly-Clark by 3.8% during the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock worth $290,000 after buying an additional 75 shares during the last quarter. Park National Corp OH raised its position in Kimberly-Clark by 2.6% during the 1st quarter. Park National Corp OH now owns 3,031 shares of the company’s stock worth $431,000 after buying an additional 77 shares during the last quarter. Hoge Financial Services LLC raised its position in Kimberly-Clark by 4.2% during the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock worth $271,000 after buying an additional 77 shares during the last quarter. Finally, Nwam LLC raised its position in 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 buying an additional 77 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KMB has been the subject of a number of recent research reports. Barclays raised their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler initiated coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an “overweight” rating and a $144.00 price target for the company. Finally, UBS Group reduced their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $142.70.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $128.01 on Thursday. The stock has a market capitalization of $42.47 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The firm’s 50 day simple moving average is $130.49 and its 200-day simple moving average is $134.74. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.96 EPS. Analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.9%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

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.