Naples Global Advisors LLC Sells 476 Shares of Kimberly-Clark Co. $KMB

Naples Global Advisors LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,889 shares of the company’s stock after selling 476 shares during the quarter. Naples Global Advisors LLC’s holdings in Kimberly-Clark were worth $2,328,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KMB. Vanguard Group Inc. raised its holdings in Kimberly-Clark by 0.3% in the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock worth $5,011,188,000 after purchasing an additional 92,920 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Kimberly-Clark by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after acquiring an additional 674,046 shares during the period. Price T Rowe Associates Inc. MD grew its position in Kimberly-Clark by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock valued at $1,151,309,000 after purchasing an additional 566,152 shares in the last quarter. Invesco Ltd. grew its position in Kimberly-Clark by 3.1% in the first quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock valued at $828,811,000 after purchasing an additional 173,915 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Kimberly-Clark by 0.9% in the 1st quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock valued at $492,091,000 after acquiring an additional 29,453 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMB has been the subject of several research analyst reports. UBS Group reduced their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Piper Sandler started coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an “overweight” rating and a $144.00 price target on the stock. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Evercore ISI reduced 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. Finally, Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $140.40.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $123.23 on Thursday. 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 firm has a market capitalization of $40.89 billion, a PE ratio of 16.32, a P/E/G ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a twelve month low of $121.02 and a twelve month high of $150.45. The company has a 50-day moving average price of $129.05 and a two-hundred day moving average price of $132.96.

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 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 firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the business earned $1.96 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current 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 given a dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.1%. Kimberly-Clark’s 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.