Apexium Financial LP Sells 2,455 Shares of Kimberly-Clark Co. $KMB

Apexium Financial LP reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 19.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,879 shares of the company’s stock after selling 2,455 shares during the period. Apexium Financial LP’s holdings in Kimberly-Clark were worth $1,287,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KMB shares. UBS Group reduced their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. Piper Sandler reduced their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Barclays reduced their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $140.50.

Kimberly-Clark Price Performance

NYSE:KMB opened at $122.58 on Friday. The company has a 50-day moving average of $128.85 and a 200-day moving average of $132.73. The company has a market capitalization of $40.67 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 52 week low of $121.02 and a 52 week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

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

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 69.42%.

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.