Kimberly-Clark Co. $KMB Position Trimmed by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,419 shares of the company’s stock after selling 119 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Kimberly-Clark were worth $2,761,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC boosted its stake in Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock worth $577,000 after purchasing an additional 74 shares during the period. Tudor Financial Inc. boosted its stake in Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock worth $290,000 after purchasing an additional 75 shares during the period. Park National Corp OH boosted its stake in Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company’s stock worth $431,000 after purchasing an additional 77 shares during the period. Hoge Financial Services LLC boosted its stake in Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock worth $271,000 after purchasing an additional 77 shares during the period. Finally, Nwam LLC boosted its stake in Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after purchasing an additional 77 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KMB has been the subject of a number of recent analyst reports. Piper Sandler initiated coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They issued an “overweight” rating and a $144.00 price objective for the company. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Barclays raised their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Finally, UBS Group decreased their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $142.70.

Kimberly-Clark Stock Down 1.1%

KMB stock opened at $127.99 on Friday. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market cap of $42.46 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 4.46 and a beta of 0.32. The company has a 50 day moving average of $130.33 and a two-hundred day moving average of $134.58.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.85 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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 given a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 3.9%. Kimberly-Clark’s dividend payout ratio is presently 69.42%.

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.