Kimberly-Clark Co. $KMB Shares Sold by Meritage Portfolio Management

Meritage Portfolio Management lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.4% during the second quarter, Holdings Channel.com reports. The firm owned 30,500 shares of the company’s stock after selling 744 shares during the quarter. Meritage Portfolio Management’s holdings in Kimberly-Clark were worth $3,932,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. First Pacific Financial acquired a new stake in Kimberly-Clark in the 1st quarter valued at about $26,000. Financial Network Wealth Advisors LLC raised its position in 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 in the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark in the 2nd quarter valued at about $25,000. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth about $36,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KMB. Citigroup cut their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday. Evercore ISI cut their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. UBS Group dropped their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday. Piper Sandler dropped their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Trading Up 0.0%

NYSE:KMB opened at $119.57 on Friday. The stock’s 50 day moving average price is $128.18 and its 200 day moving average price is $132.05. The company has a market capitalization of $39.67 billion, a PE ratio of 15.84, a P/E/G ratio of 4.46 and a beta of 0.30. 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 Co. has a 52-week low of $119.36 and a 52-week high of $150.45.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The firm 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 EPS. On average, research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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