Kimberly-Clark Co. $KMB Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 267,153 shares of the company’s stock after selling 8,440 shares during the quarter. US Bancorp DE’s holdings in Kimberly-Clark were worth $34,441,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KMB. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter valued at $25,000. First Pacific Financial acquired a new stake in Kimberly-Clark during the 1st quarter valued at $26,000. Financial Network Wealth Advisors LLC grew its holdings in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. Elequin Capital LP acquired a new stake in Kimberly-Clark during the 1st quarter valued at $36,000. Finally, Rossby Financial LCC acquired a new stake in Kimberly-Clark during the 1st quarter valued at $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KMB. Citigroup reduced their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday. Wells Fargo & Company reduced their price target on 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. Barclays reduced their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Evercore ISI reduced their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. Finally, Piper Sandler reduced their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Trading Up 0.0%

Shares of KMB opened at $119.57 on Friday. 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 market capitalization of $39.67 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The stock’s fifty day simple moving average is $128.18 and its 200 day simple moving average is $132.10. Kimberly-Clark Co. has a twelve month low of $119.36 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted $1.96 EPS. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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