Econ Financial Services Corp Acquires Shares of 10,230 Kimberly-Clark Co. $KMB

Econ Financial Services Corp acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,230 shares of the company’s stock, valued at approximately $1,319,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio bought a new position in Kimberly-Clark in the first quarter valued at approximately $12,854,000. Elevate Capital Advisors LLC boosted its stake in Kimberly-Clark by 46.4% in the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company’s stock valued at $1,770,000 after acquiring an additional 3,944 shares during the last quarter. Citigroup Inc. boosted its stake in Kimberly-Clark by 86.8% in the first quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after acquiring an additional 236,733 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after acquiring an additional 718,720 shares during the last quarter. Finally, United Community Bank raised its holdings in Kimberly-Clark by 340.0% in the first quarter. United Community Bank now owns 18,518 shares of the company’s stock worth $2,634,000 after purchasing an additional 14,309 shares during the period. 76.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Evercore ISI reduced their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. Citigroup reduced their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Barclays reduced their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Finally, Piper Sandler reduced their price target 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 investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Trading Up 0.0%

KMB opened at $120.66 on Wednesday. The stock has a market capitalization of $40.03 billion, a P/E ratio of 15.98, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 12 month low of $117.49 and a 12 month high of $150.45. The firm’s fifty day simple moving average is $124.78 and its 200 day simple moving average is $130.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate 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 firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 EPS. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark’s payout ratio is currently 69.42%.

Kimberly-Clark Company 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.