Abich Financial Wealth Management LLC Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

Abich Financial Wealth Management LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 64.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 454 shares of the company’s stock after selling 835 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in Kimberly-Clark were worth $65,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KMB. Farmers & Merchants Investments Inc. lifted its position in Kimberly-Clark by 0.8% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 42,861 shares of the company’s stock worth $6,098,000 after buying an additional 349 shares during the last quarter. MONECO Advisors LLC lifted its position in Kimberly-Clark by 7.8% in the 3rd quarter. MONECO Advisors LLC now owns 1,750 shares of the company’s stock worth $249,000 after buying an additional 127 shares during the last quarter. Fortitude Family Office LLC lifted its position in Kimberly-Clark by 267.7% in the 3rd quarter. Fortitude Family Office LLC now owns 1,195 shares of the company’s stock worth $170,000 after buying an additional 870 shares during the last quarter. abrdn plc lifted its position in Kimberly-Clark by 1.1% in the 3rd quarter. abrdn plc now owns 454,352 shares of the company’s stock worth $64,538,000 after buying an additional 5,109 shares during the last quarter. Finally, Smith Group Asset Management LLC lifted its position in Kimberly-Clark by 28.7% in the 3rd quarter. Smith Group Asset Management LLC now owns 11,751 shares of the company’s stock worth $1,672,000 after buying an additional 2,620 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

NYSE KMB traded up $0.03 during mid-day trading on Tuesday, hitting $135.65. The stock had a trading volume of 139,006 shares, compared to its average volume of 2,111,276. Kimberly-Clark Co. has a 52-week low of $117.46 and a 52-week high of $149.30. The company has a market cap of $45.67 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 2.89 and a beta of 0.39. The company has a 50 day simple moving average of $142.79 and a 200 day simple moving average of $138.94. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 EPS. Equities analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Analyst Ratings Changes

Several brokerages have weighed in on KMB. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Wells Fargo & Company cut their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. TD Cowen assumed coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Piper Sandler upped their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $149.93.

About Kimberly-Clark

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.