Leavell Investment Management Inc. Boosts Stock Position in Kimberly-Clark Co. $KMB

Leavell Investment Management Inc. boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 2.6% in the second quarter, HoldingsChannel.com reports. The firm owned 12,168 shares of the company’s stock after acquiring an additional 305 shares during the period. Leavell Investment Management Inc.’s holdings in Kimberly-Clark were worth $1,584,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KMB. Financial Network Wealth Advisors LLC boosted its stake in 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 acquiring an additional 125 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new position in shares of Kimberly-Clark during the second quarter worth $25,000. Princeton Global Asset Management LLC lifted its holdings in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark in the 1st quarter worth $36,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Kimberly-Clark in the 1st quarter worth $37,000. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup reduced their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Wells Fargo & Company dropped their price target on 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. JPMorgan Chase & Co. decreased their price objective on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. UBS Group lowered their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Finally, Piper Sandler dropped their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $137.00.

Kimberly-Clark Trading Up 0.1%

Kimberly-Clark stock opened at $118.93 on Monday. The stock has a 50-day moving average price of $125.24 and a 200 day moving average price of $130.67. The company has a market capitalization of $39.46 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 52 week low of $117.49 and a 52 week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Kimberly-Clark’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.96 EPS. Sell-side analysts anticipate 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. Investors of record on Friday, September 5th were given a dividend of $1.26 per share. The ex-dividend date was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. Kimberly-Clark’s payout ratio is currently 69.42%.

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.