Harbour Trust & Investment Management Co Raises Holdings in Kimberly-Clark Co. $KMB

Harbour Trust & Investment Management Co grew its position in Kimberly-Clark Co. (NYSE:KMB) by 21.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,002 shares of the company’s stock after purchasing an additional 351 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Kimberly-Clark were worth $258,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Pacific Financial purchased a new stake in shares of Kimberly-Clark in the 1st quarter worth $26,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after buying an additional 125 shares during the period. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth $25,000. Elequin Capital LP bought a new position in shares of Kimberly-Clark in the 1st quarter worth $36,000. Finally, AlphaCore Capital LLC bought a new position in shares of Kimberly-Clark in the 1st quarter worth $37,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 0.3%

Shares of NYSE:KMB opened at $119.27 on Tuesday. The business’s 50-day moving average is $127.90 and its 200 day moving average is $131.84. Kimberly-Clark Co. has a 1 year low of $118.18 and a 1 year high of $150.45. The firm has a market capitalization of $39.57 billion, a P/E ratio of 15.80, a P/E/G ratio of 4.46 and a beta of 0.30. 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 (NYSE:KMB) last announced its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the company posted $1.96 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMB. UBS Group reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Piper Sandler reduced their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company reduced their price target on 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. Finally, Citigroup reduced their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $137.00.

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.