Kimberly-Clark Co. $KMB Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 53.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,567 shares of the company’s stock after selling 2,986 shares during the quarter. Belpointe Asset Management LLC’s holdings in Kimberly-Clark were worth $331,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First Pacific Financial acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC grew its position in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $25,000. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $36,000. Finally, AlphaCore Capital LLC purchased a new position in shares of Kimberly-Clark during the first quarter valued at approximately $37,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $119.57 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market cap of $39.67 billion, a P/E ratio of 15.84, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a fifty-two week low of $119.36 and a fifty-two week high of $150.45. The firm’s 50 day moving average is $128.18 and its two-hundred day moving average is $132.10.

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

Kimberly-Clark Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KMB shares. UBS Group reduced their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays reduced their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Piper Sandler reduced their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, Citigroup reduced their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $137.00.

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.