Kimberly-Clark Co. $KMB Shares Sold by Apexium Financial LP

Apexium Financial LP lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 19.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,879 shares of the company’s stock after selling 2,455 shares during the quarter. Apexium Financial LP’s holdings in Kimberly-Clark were worth $1,287,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC lifted its position in shares of Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after acquiring an additional 74 shares in the last quarter. Tudor Financial Inc. lifted its position in shares of Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after acquiring an additional 75 shares in the last quarter. Hoge Financial Services LLC lifted its position in shares of Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock valued at $271,000 after acquiring an additional 77 shares in the last quarter. Nwam LLC lifted its position in shares of Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after acquiring an additional 77 shares in the last quarter. Finally, Old North State Wealth Management LLC lifted its position in shares of Kimberly-Clark by 4.6% in the 1st quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock valued at $258,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and upped their price target for the company from $125.00 to $138.00 in a research report on Monday, August 4th. 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. Evercore ISI dropped their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. Barclays dropped their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Piper Sandler dropped their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday. Three 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 stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $140.50.

Kimberly-Clark Stock Performance

Shares of KMB opened at $122.58 on Friday. The company’s fifty day moving average is $128.85 and its 200-day moving average is $132.73. Kimberly-Clark Co. has a 12 month low of $121.02 and a 12 month high of $150.45. The firm has a market cap of $40.67 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the business posted $1.96 EPS. Kimberly-Clark’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a dividend of $1.26 per share. The ex-dividend date was Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. Kimberly-Clark’s dividend payout ratio is 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.