Cwm LLC Has $22.28 Million Stake in Kimberly-Clark Co. $KMB

Key Points

• Cwm LLC increased its stake in Kimberly-Clark Co. by 1.8%, holding approximately 172,846 shares worth $22.28 million.
• Multiple analysts have lowered their price targets for Kimberly-Clark, with Wells Fargo cutting its target from $140.00 to $130.00 and Barclays from $139.00 to $131.00.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, resulting in a yield of 4.2% on an annualized basis.

Cwm LLC grew its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 172,846 shares of the company's stock after purchasing an additional 3,089 shares during the quarter. Cwm LLC owned about 0.05% of Kimberly-Clark worth $22,283,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMB. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark in the second quarter worth $25,000. First Pacific Financial acquired a new position in Kimberly-Clark in the first quarter worth $26,000. Financial Network Wealth Advisors LLC boosted its stake in Kimberly-Clark by 176.1% in 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 bought a new position in Kimberly-Clark in the 1st quarter valued at $36,000. Finally, Rossby Financial LCC bought a new position in Kimberly-Clark in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analysts Set New Price Targets

KMB has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Piper Sandler decreased their price objective 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 decreased their price objective 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. Evercore ISI decreased their price objective 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. Finally, UBS Group decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of "Hold" and an average target price of $137.00.

Kimberly-Clark Stock Performance

KMB stock opened at $119.57 on Monday. The business's fifty day moving average is $128.18 and its 200-day moving average is $131.99. 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 company has a market cap of $39.67 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a twelve month low of $119.36 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.25. The company 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 firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.96 EPS. Equities research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 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.

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