Farmers & Merchants Investments Inc. Lowers Stock Position in Kimberly-Clark Co. $KMB

Farmers & Merchants Investments Inc. cut its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,386 shares of the company's stock after selling 3,050 shares during the period. Farmers & Merchants Investments Inc.'s holdings in Kimberly-Clark were worth $5,464,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after acquiring an additional 2,765 shares during the period. Woodline Partners LP acquired a new position in Kimberly-Clark during the fourth quarter worth $2,002,000. Vise Technologies Inc. raised its position in Kimberly-Clark by 93.5% during the fourth quarter. Vise Technologies Inc. now owns 5,532 shares of the company's stock worth $725,000 after acquiring an additional 2,673 shares during the period. Forum Financial Management LP raised its position in Kimberly-Clark by 15.0% during the fourth quarter. Forum Financial Management LP now owns 9,906 shares of the company's stock worth $1,298,000 after acquiring an additional 1,292 shares during the period. Finally, Mackenzie Financial Corp raised its position in Kimberly-Clark by 19.5% during the fourth quarter. Mackenzie Financial Corp now owns 86,781 shares of the company's stock worth $11,372,000 after acquiring an additional 14,172 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research analyst reports. 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 for the company. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their target price for the company from $125.00 to $138.00 in a research report on Monday, August 4th. UBS Group reduced their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Finally, Barclays increased their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $142.70.

Kimberly-Clark Trading Down 0.7%

NYSE KMB opened at $124.62 on Monday. The firm has a 50 day simple moving average of $129.74 and a 200-day simple moving average of $133.91. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The firm has a market cap of $41.35 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the firm posted $1.96 earnings per share. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.0%. Kimberly-Clark's dividend payout ratio (DPR) 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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