Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Kimberly-Clark Co. by 49.4%, selling 30,613 shares during the first quarter, leaving them with a total of 31,317 shares valued at approximately $4.49 million.
• Kimberly-Clark recently posted earnings of $1.92 EPS, exceeding estimates but reflecting a 1.6% decline in revenue year-over-year, reporting $4.16 billion for the quarter.
• The company announced a quarterly dividend of $1.26 per share, with an annualized yield of 3.7%, to be paid on October 2nd.

Atria Wealth Solutions Inc. decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 49.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,317 shares of the company's stock after selling 30,613 shares during the period. Atria Wealth Solutions Inc.'s holdings in Kimberly-Clark were worth $4,487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Levin Capital Strategies L.P. grew its position in Kimberly-Clark by 23.5% during the first quarter. Levin Capital Strategies L.P. now owns 21,705 shares of the company's stock valued at $3,087,000 after buying an additional 4,137 shares during the period. Commonwealth Retirement Investments LLC raised its stake in Kimberly-Clark by 2.4% during the first quarter. Commonwealth Retirement Investments LLC now owns 14,465 shares of the company's stock worth $2,057,000 after purchasing an additional 344 shares during the period. Cary Street Partners Financial LLC raised its stake in shares of Kimberly-Clark by 52.9% in the 1st quarter. Cary Street Partners Financial LLC now owns 48,248 shares of the company's stock valued at $6,862,000 after acquiring an additional 16,702 shares during the period. Advyzon Investment Management LLC raised its position in Kimberly-Clark by 10.5% in the first quarter. Advyzon Investment Management LLC now owns 2,269 shares of the company's stock valued at $323,000 after purchasing an additional 216 shares during the period. Finally, Silver Coast Investments LLC increased its position in shares of Kimberly-Clark by 5.2% in the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company's stock valued at $240,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Down 1.0%

Shares of KMB traded down $1.36 during trading hours on Tuesday, hitting $132.79. The company had a trading volume of 1,394,406 shares, compared to its average volume of 2,328,444. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The company's fifty day moving average price is $130.66 and its two-hundred day moving average price is $135.02. 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 capitalization of $44.06 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $1.92 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 company's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 earnings per share. As a group, equities 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 declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is currently 69.42%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KMB shares. UBS Group decreased their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Royal Bank Of Canada reduced their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI cut their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Barclays lifted their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Finally, Piper Sandler initiated coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $142.70.

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.