Strong Tower Advisory Services Buys 1,464 Shares of Kimberly-Clark Co. $KMB

Strong Tower Advisory Services grew its stake in Kimberly-Clark Co. (NYSE:KMB) by 9.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,801 shares of the company’s stock after acquiring an additional 1,464 shares during the period. Strong Tower Advisory Services’ holdings in Kimberly-Clark were worth $2,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Wealth Management LLC raised its position in shares of Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after buying an additional 74 shares in the last quarter. Tudor Financial Inc. raised its position in Kimberly-Clark by 3.8% during the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after purchasing an additional 75 shares in the last quarter. Hoge Financial Services LLC raised its position in Kimberly-Clark by 4.2% during the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock valued at $271,000 after purchasing an additional 77 shares in the last quarter. Nwam LLC raised its position in Kimberly-Clark by 1.2% during the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after purchasing an additional 77 shares in the last quarter. Finally, Old North State Wealth Management LLC increased its holdings in shares of Kimberly-Clark by 4.6% during the first quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock worth $258,000 after buying an additional 79 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $119.57 on Friday. The stock has a market capitalization of $39.67 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The company’s 50-day moving average is $128.18 and its 200-day moving average is $132.10. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1 year low of $119.36 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data 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. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 EPS. Equities research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s dividend payout ratio is currently 69.42%.

Analysts Set New Price Targets

KMB has been the subject of several research analyst reports. UBS Group lowered their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday. 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. JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday. Citigroup reduced their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday. Finally, Piper Sandler reduced 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, October 2nd. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $137.00.

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.