CNB Bank Boosts Holdings in Kimberly-Clark Co. $KMB

CNB Bank raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 27.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 903 shares of the company’s stock after buying an additional 195 shares during the quarter. CNB Bank’s holdings in Kimberly-Clark were worth $116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of KMB. Brighton Jones LLC grew its stake in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Kimberly-Clark by 7.3% in the first quarter. International Assets Investment Management LLC now owns 2,182 shares of the company’s stock worth $310,000 after purchasing an additional 148 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Kimberly-Clark by 40.5% in the first quarter. Golden State Wealth Management LLC now owns 340 shares of the company’s stock worth $49,000 after buying an additional 98 shares in the last quarter. Pure Financial Advisors LLC boosted its stake in Kimberly-Clark by 11.4% during the first quarter. Pure Financial Advisors LLC now owns 2,119 shares of the company’s stock valued at $301,000 after buying an additional 216 shares during the last quarter. Finally, PDS Planning Inc boosted its stake in Kimberly-Clark by 9.8% during the first quarter. PDS Planning Inc now owns 2,859 shares of the company’s stock valued at $407,000 after buying an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $118.93 on Friday. Kimberly-Clark Co. has a 12-month low of $117.49 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 firm has a 50-day moving average price of $125.24 and a 200-day moving average price of $130.70. The firm has a market capitalization of $39.46 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The company 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 firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 EPS. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued 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 presently 69.42%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMB. Evercore ISI decreased their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. UBS Group lowered their price objective on shares of 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 target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average 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.