Kimberly-Clark Co. $KMB Shares Sold by Strategic Investment Solutions Inc. IL

Strategic Investment Solutions Inc. IL reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 33.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 327 shares of the company’s stock after selling 162 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in Kimberly-Clark were worth $42,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Pacific Financial acquired a new position in Kimberly-Clark in the first quarter valued at $26,000. Financial Network Wealth Advisors LLC increased its stake in 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 purchasing an additional 125 shares during the period. Elequin Capital LP acquired a new position in Kimberly-Clark in the first quarter valued at $36,000. Rossby Financial LCC acquired a new position in Kimberly-Clark in the first quarter valued at $37,000. Finally, AlphaCore Capital LLC acquired a new position in Kimberly-Clark in the first quarter valued at $37,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 0.4%

Shares of Kimberly-Clark stock opened at $122.23 on Friday. Kimberly-Clark Co. has a 12-month low of $121.02 and a 12-month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market cap of $40.55 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The company has a 50-day moving average of $129.31 and a two-hundred day moving average of $133.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.85 billion. During the same period last year, the company posted $1.96 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a $1.26 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.1%. Kimberly-Clark’s dividend payout ratio (DPR) is 69.42%.

Analysts Set New Price Targets

A number of research firms have commented on KMB. UBS Group dropped their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $125.00 to $138.00 in a report on Monday, August 4th. Piper Sandler assumed coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an “overweight” rating and a $144.00 target price on the stock. Evercore ISI lowered their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. Finally, Barclays lifted their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $141.20.

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.