Forvis Mazars Wealth Advisors LLC Has $434,000 Stake in Kimberly-Clark Co. $KMB

Forvis Mazars Wealth Advisors LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,370 shares of the company’s stock after selling 91 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMB. Pacer Advisors Inc. raised its position in shares of Kimberly-Clark by 2,982.8% in the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock valued at $196,878,000 after buying an additional 1,339,413 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $106,458,000. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of 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 buying an additional 718,720 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Kimberly-Clark during the second quarter valued at approximately $91,185,000. Finally, Goldman Sachs Group Inc. raised its position in Kimberly-Clark by 41.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock valued at $334,406,000 after purchasing an additional 687,868 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $120.70 on Tuesday. 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 Co. has a twelve month low of $118.18 and a twelve month high of $150.45. The stock has a market cap of $40.05 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 4.46 and a beta of 0.30. The company’s fifty day moving average is $126.38 and its 200 day moving average is $131.08.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. Kimberly-Clark’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Barclays lowered their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Piper Sandler lowered their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Citigroup lowered their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. lowered 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. 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.