Garner Asset Management Corp Has $678,000 Holdings in Kimberly-Clark Corporation $KMB

Garner Asset Management Corp cut its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 19.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,257 shares of the company’s stock after selling 1,257 shares during the period. Garner Asset Management Corp’s holdings in Kimberly-Clark were worth $678,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several research firms recently commented on KMB. Morgan Stanley cut their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, October 31st. TD Cowen decreased their price objective on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, October 31st. Barclays set a $132.00 target price on Kimberly-Clark in a research note on Monday, November 3rd. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $120.00 price target (down from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $128.91.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $108.29 on Thursday. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.56 and a current ratio of 0.77. The stock has a 50 day moving average price of $114.88 and a 200 day moving average price of $126.11. The stock has a market capitalization of $35.94 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.83 EPS. Analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio is 85.28%.

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.