Godsey & Gibb Inc. Has $19.40 Million Position in Kimberly-Clark Co. $KMB

Godsey & Gibb Inc. boosted its stake in Kimberly-Clark Co. (NYSE:KMB) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,471 shares of the company’s stock after purchasing an additional 1,345 shares during the quarter. Godsey & Gibb Inc.’s holdings in Kimberly-Clark were worth $19,399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Joel Isaacson & Co. LLC grew its stake in shares of Kimberly-Clark by 3.2% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 6,165 shares of the company’s stock valued at $795,000 after buying an additional 190 shares during the period. Mraz Amerine & Associates Inc. acquired a new position in Kimberly-Clark during the 2nd quarter worth approximately $258,000. Eads & Heald Wealth Management raised its stake in Kimberly-Clark by 11.2% during the 2nd quarter. Eads & Heald Wealth Management now owns 6,717 shares of the company’s stock worth $866,000 after buying an additional 674 shares during the period. Valeo Financial Advisors LLC raised its stake in Kimberly-Clark by 2.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 13,611 shares of the company’s stock worth $1,755,000 after buying an additional 377 shares during the period. Finally, DAVENPORT & Co LLC raised its stake in Kimberly-Clark by 21.8% during the 2nd quarter. DAVENPORT & Co LLC now owns 89,097 shares of the company’s stock worth $11,485,000 after buying an additional 15,975 shares during the period. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on KMB. Evercore ISI reduced their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Piper Sandler lowered their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Barclays lowered their price target on 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, UBS Group decreased their price objective on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $140.50.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $120.54 on Tuesday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1-year low of $120.45 and a 1-year high of $150.45. The firm has a market capitalization of $39.99 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The company’s 50-day moving average is $128.72 and its 200 day moving average is $132.51.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion for 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%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.96 earnings per share. Research analysts forecast 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%.

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.