Atria Wealth Solutions Inc. Cuts Stake in Kimberly-Clark Co. $KMB

Key Points

• Atria Wealth Solutions Inc. significantly reduced its stake in Kimberly-Clark Co. by 61.2% during the second quarter, holding 12,138 shares valued at approximately $1.58 million after selling 19,179 shares.
• Several other hedge funds have been active with Kimberly-Clark, with Brighton Jones LLC and Clarius Group LLC increasing their positions by 74.1% and 75.6%, respectively, in recent quarters.
• Analysts have lowered target prices for Kimberly-Clark, with UBS Group estimating a target of $130.00, indicating a cautious outlook, as the stock currently holds an average rating of "Hold."

Atria Wealth Solutions Inc. cut its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 61.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,138 shares of the company's stock after selling 19,179 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Kimberly-Clark were worth $1,581,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in KMB. Brighton Jones LLC raised its position in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after purchasing an additional 2,765 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Kimberly-Clark by 31.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 125,323 shares of the company's stock valued at $17,824,000 after purchasing an additional 30,342 shares during the period. Sowell Financial Services LLC purchased a new position in Kimberly-Clark in the first quarter valued at about $588,000. Sagespring Wealth Partners LLC raised its position in Kimberly-Clark by 5.3% in the first quarter. Sagespring Wealth Partners LLC now owns 4,184 shares of the company's stock valued at $595,000 after purchasing an additional 210 shares during the period. Finally, Clarius Group LLC raised its position in Kimberly-Clark by 75.6% in the first quarter. Clarius Group LLC now owns 3,268 shares of the company's stock valued at $465,000 after purchasing an additional 1,407 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMB. UBS Group dropped their target price on Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on Kimberly-Clark from $144.00 to $127.00 and set a "neutral" rating on the stock in a research report on Friday, October 10th. Piper Sandler dropped their target price on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, October 2nd. Barclays dropped their target price on Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 1st. Finally, Evercore ISI dropped 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. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $137.00.

Kimberly-Clark Stock Down 0.2%

Shares of Kimberly-Clark stock opened at $119.70 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm has a market cap of $39.71 billion, a P/E ratio of 15.85, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a fifty-two week low of $118.18 and a fifty-two week high of $150.45. The business has a 50-day moving average price of $126.94 and a 200 day moving average price of $131.53.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.Kimberly-Clark's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 earnings per share. On average, sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal 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 issued a dividend of $1.26 per share. 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 69.42%.

About Kimberly-Clark

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.

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