Janney Montgomery Scott LLC Decreases Position in Kimberly-Clark Co. $KMB

Key Points

• Janney Montgomery Scott LLC has decreased its holdings in Kimberly-Clark Co. (NYSE: KMB) by 1.0%, now owning 284,142 shares worth approximately $36.6 million.
• Kimberly-Clark reported better-than-expected quarterly earnings of $1.92 per share, exceeding the consensus estimate of $1.67, despite a revenue decline of 1.6% year-over-year.
• The company announced a quarterly dividend of $1.26 per share, offering a dividend yield of 4.1%, to be paid on October 2nd to stockholders of record on September 5th.

Janney Montgomery Scott LLC cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 284,142 shares of the company's stock after selling 2,949 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.09% of Kimberly-Clark worth $36,632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in KMB. Brighton Jones LLC increased its position in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after purchasing an additional 2,765 shares during the last quarter. Wellington Management Group LLP lifted its position in Kimberly-Clark by 36.5% in the fourth quarter. Wellington Management Group LLP now owns 28,884 shares of the company's stock valued at $3,785,000 after purchasing an additional 7,729 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of Kimberly-Clark by 42.7% in the first quarter. AdvisorNet Financial Inc now owns 551 shares of the company's stock valued at $78,000 after acquiring an additional 165 shares during the period. NBC Securities Inc. boosted its holdings in shares of Kimberly-Clark by 106,600.0% during the first quarter. NBC Securities Inc. now owns 7,469 shares of the company's stock worth $1,062,000 after purchasing an additional 7,462 shares during the period. Finally, Merit Financial Group LLC raised its position in Kimberly-Clark by 38.6% during the 1st quarter. Merit Financial Group LLC now owns 13,273 shares of the company's stock valued at $1,888,000 after purchasing an additional 3,699 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

KMB stock opened at $124.34 on Wednesday. The business's fifty day simple moving average is $129.14 and its two-hundred day simple moving average is $133.03. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a twelve month low of $121.02 and a twelve month high of $150.45. The firm has a market cap of $41.25 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced 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 firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The company's revenue was down 1.6% compared to the same quarter last year. Analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 69.42%.

Analysts Set New Price Targets

A number of research analysts have recently commented on KMB shares. Piper Sandler began coverage on Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price for the company. Evercore ISI decreased their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Monday, September 22nd. UBS Group decreased their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised 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 report on Monday, August 4th. Finally, Barclays lifted their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note 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 given a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus target price of $141.20.

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.

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Co. (NYSE:KMB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.