SPC Financial Inc. Has $911,000 Position in Kimberly-Clark Co. $KMB

SPC Financial Inc. boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 16.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,069 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. SPC Financial Inc.’s holdings in Kimberly-Clark were worth $911,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Kimberly-Clark by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock worth $5,011,188,000 after acquiring an additional 92,920 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Kimberly-Clark by 6.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after acquiring an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Kimberly-Clark by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock worth $1,151,309,000 after acquiring an additional 566,152 shares during the last quarter. Invesco Ltd. boosted its holdings in Kimberly-Clark by 3.1% during the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock worth $828,811,000 after acquiring an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Kimberly-Clark by 0.9% during the 1st quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock worth $492,091,000 after acquiring an additional 29,453 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KMB. Evercore ISI cut their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. Piper Sandler cut their price objective on shares of 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 lowered their target price on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays lowered their target price on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Trading Up 0.0%

Shares of Kimberly-Clark stock opened at $119.57 on Friday. Kimberly-Clark Co. has a 52-week low of $119.36 and a 52-week high of $150.45. The stock’s 50-day simple moving average is $128.18 and its 200 day simple moving average is $132.05. The stock has a market capitalization of $39.67 billion, a P/E ratio of 15.84, a P/E/G ratio of 4.46 and a beta of 0.30. 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 announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the previous year, the business posted $1.96 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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