Tounjian Advisory Partners LLC Trims Stock Holdings in Kimberly-Clark Co. $KMB

Tounjian Advisory Partners LLC reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,196 shares of the company’s stock after selling 90 shares during the quarter. Tounjian Advisory Partners LLC’s holdings in Kimberly-Clark were worth $1,166,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Wealth Management LLC lifted its position in Kimberly-Clark by 1.9% during the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock worth $577,000 after buying an additional 74 shares during the period. Tudor Financial Inc. lifted 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 worth $290,000 after buying an additional 75 shares during the period. Park National Corp OH lifted its position in Kimberly-Clark by 2.6% during the first quarter. Park National Corp OH now owns 3,031 shares of the company’s stock worth $431,000 after buying an additional 77 shares during the period. Hoge Financial Services LLC lifted 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 worth $271,000 after buying an additional 77 shares during the period. Finally, Nwam LLC lifted its position in Kimberly-Clark by 1.2% during the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after buying an additional 77 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 0.3%

NYSE:KMB opened at $125.04 on Wednesday. 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 business’s 50 day moving average is $130.08 and its two-hundred day moving average is $134.32. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The company has a market cap of $41.49 billion, a PE ratio of 16.56, a P/E/G ratio of 4.46 and a beta of 0.32.

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

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 69.42%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KMB. Piper Sandler began coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an “overweight” rating and a $144.00 target price on the stock. Barclays increased their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. UBS Group cut their price objective on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. upgraded 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 report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $142.70.

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.