Integrated Wealth Concepts LLC Sells 3,584 Shares of Kimberly-Clark Co. $KMB

Key Points

• Integrated Wealth Concepts LLC reduced its stake in Kimberly-Clark Co. by 13.8% during the first quarter, bringing its total shares down to 22,480, valued at $3,197,000.
• Kimberly-Clark's latest quarterly earnings surpassed analysts' expectations, reporting $1.92 EPS against a forecast of $1.67, despite a decline in revenue compared to the previous year.
• The company announced a dividend of $1.26 per share to be paid in October, reflecting a 3.9% yield and a payout ratio of 69.42%.

Integrated Wealth Concepts LLC lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 13.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,480 shares of the company's stock after selling 3,584 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Kimberly-Clark were worth $3,197,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KMB. Jacobs Levy Equity Management Inc. lifted its position in Kimberly-Clark by 148.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 835,915 shares of the company's stock valued at $118,884,000 after acquiring an additional 499,443 shares during the last quarter. Bosun Asset Management LLC purchased a new position in Kimberly-Clark during the first quarter worth about $202,000. Banque Transatlantique SA purchased a new position in Kimberly-Clark during the first quarter worth about $547,000. AQR Capital Management LLC grew its position in Kimberly-Clark by 6.9% during the first quarter. AQR Capital Management LLC now owns 767,517 shares of the company's stock worth $108,750,000 after buying an additional 49,657 shares during the period. Finally, Advisors Asset Management Inc. grew its position in Kimberly-Clark by 6.2% during the first quarter. Advisors Asset Management Inc. now owns 49,248 shares of the company's stock worth $7,004,000 after buying an additional 2,892 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KMB shares. UBS Group reduced their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Barclays lifted their price objective 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. Piper Sandler initiated coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $142.70.

Kimberly-Clark Trading Down 1.1%

Shares of NYSE:KMB traded down $1.48 during mid-day trading on Friday, reaching $127.99. The stock had a trading volume of 1,442,291 shares, compared to its average volume of 2,302,469. 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 firm has a market cap of $42.46 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The firm has a 50 day simple moving average of $130.33 and a two-hundred day simple moving average of $134.55. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping 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 company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same period last year, the business earned $1.96 EPS. The business's quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts predict 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. Stockholders of record on Friday, September 5th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.9%. Kimberly-Clark's dividend payout ratio (DPR) is currently 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.