Woodstock Corp Sells 340 Shares of Kimberly-Clark Co. $KMB

Woodstock Corp trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,313 shares of the company’s stock after selling 340 shares during the period. Woodstock Corp’s holdings in Kimberly-Clark were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in KMB. Cornerstone Wealth Management LLC increased its holdings in shares of Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock worth $577,000 after purchasing an additional 74 shares in the last quarter. Tudor Financial Inc. increased its holdings in shares of Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock worth $290,000 after purchasing an additional 75 shares in the last quarter. Park National Corp OH increased its holdings in shares of Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company’s stock worth $431,000 after purchasing an additional 77 shares in the last quarter. Hoge Financial Services LLC increased its holdings in shares of Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock worth $271,000 after purchasing an additional 77 shares in the last quarter. Finally, Nwam LLC increased its holdings in shares of Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after purchasing an additional 77 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler assumed coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an “overweight” rating and a $144.00 target price for the company. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Barclays boosted their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Finally, UBS Group decreased their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $142.70.

Kimberly-Clark Stock Down 2.0%

KMB opened at $125.47 on Tuesday. The firm has a 50-day simple moving average of $130.21 and a two-hundred day simple moving average of $134.39. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The company has a market capitalization of $41.63 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

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

Kimberly-Clark Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s dividend payout ratio is 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.