Kimberly-Clark Co. $KMB Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lowered its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,011 shares of the company’s stock after selling 1,270 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Kimberly-Clark were worth $4,643,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Morningstar Investment Management LLC acquired a new stake in shares of Kimberly-Clark in the second quarter worth $485,000. Harbour Trust & Investment Management Co increased its position in shares of Kimberly-Clark by 21.3% in the second quarter. Harbour Trust & Investment Management Co now owns 2,002 shares of the company’s stock worth $258,000 after acquiring an additional 351 shares in the last quarter. RFG Advisory LLC increased its position in shares of Kimberly-Clark by 16.3% in the second quarter. RFG Advisory LLC now owns 14,931 shares of the company’s stock worth $1,925,000 after acquiring an additional 2,089 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Kimberly-Clark by 130.9% in the second quarter. Verdence Capital Advisors LLC now owns 8,547 shares of the company’s stock worth $1,102,000 after acquiring an additional 4,845 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Kimberly-Clark by 23.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,375 shares of the company’s stock worth $2,240,000 after acquiring an additional 3,321 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.8%

NYSE KMB opened at $120.17 on Wednesday. Kimberly-Clark Co. has a 12 month low of $118.18 and a 12 month high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a market capitalization of $39.87 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The company’s fifty day moving average price is $127.62 and its two-hundred day moving average price is $131.76.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the firm posted $1.96 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, research analysts predict 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 was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a dividend of $1.26 per share. 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 dividend payout ratio is 69.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KMB shares. Evercore ISI lowered their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. UBS Group lowered their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Piper Sandler lowered 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, October 2nd. Wells Fargo & Company lowered 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. Finally, Citigroup lowered their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $137.00.

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.