Carlton Hofferkamp & Jenks Wealth Management LLC Decreases Stake in Kimberly-Clark Co. $KMB

Carlton Hofferkamp & Jenks Wealth Management LLC trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,706 shares of the company’s stock after selling 188 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Kimberly-Clark were worth $715,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. purchased a new stake in Kimberly-Clark during the second quarter worth $25,000. Princeton Global Asset Management LLC boosted its position in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its position in Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Elequin Capital LP purchased a new stake in Kimberly-Clark during the first quarter worth $36,000. Finally, Rossby Financial LCC purchased a new stake in Kimberly-Clark during the first quarter worth $37,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

KMB stock opened at $118.93 on Friday. The stock has a 50-day moving average price of $125.24 and a two-hundred day moving average price of $130.72. Kimberly-Clark Co. has a 12-month low of $117.49 and a 12-month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market cap of $39.46 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results 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 firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. The firm’s quarterly 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 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. Kimberly-Clark’s dividend payout ratio is presently 69.42%.

Wall Street Analyst Weigh In

A number of analysts have commented on KMB shares. Evercore ISI decreased 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. Piper Sandler cut their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Barclays cut their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Finally, UBS Group cut their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark presently has an average 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.