Vontobel Holding Ltd. Sells 6,219 Shares of Kimberly-Clark Co. $KMB

Vontobel Holding Ltd. reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,169 shares of the company’s stock after selling 6,219 shares during the period. Vontobel Holding Ltd.’s holdings in Kimberly-Clark were worth $11,109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of KMB. Investment Research & Advisory Group Inc. bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $25,000. First Pacific Financial bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC grew its stake in shares of Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Elequin Capital LP acquired a new position in shares of Kimberly-Clark in the 1st quarter worth approximately $36,000. Finally, Rossby Financial LCC acquired a new position in shares of Kimberly-Clark in the 1st quarter worth approximately $37,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Down 0.1%

NYSE:KMB opened at $119.55 on Friday. The stock’s fifty day moving average price is $128.40 and its two-hundred day moving average price is $132.22. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a market cap of $39.66 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 52-week low of $119.36 and a 52-week high of $150.45.

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

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a $1.26 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. Kimberly-Clark’s dividend payout ratio is 69.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMB. Piper Sandler reduced their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. UBS Group reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday. Wells Fargo & Company reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Barclays reduced their target price on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Finally, Citigroup reduced their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $138.22.

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.