Wealth Enhancement Advisory Services LLC Sells 14,690 Shares of Kimberly-Clark Co. $KMB

Key Points

• Wealth Enhancement Advisory Services LLC has reduced its stake in Kimberly-Clark Co. by 11.7%, holding 110,633 shares after selling 14,690 shares in the second quarter.
• Kimberly-Clark recently announced a quarterly dividend of $1.26 per share, representing an annualized figure of $5.04 and a dividend yield of 4.0%.
• Analysts have a consensus rating of "Hold" for Kimberly-Clark, with a current average price target of $142.70.

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 110,633 shares of the company's stock after selling 14,690 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Kimberly-Clark were worth $14,617,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Cornerstone Wealth Management LLC raised its position in Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock valued at $577,000 after buying an additional 74 shares during the last quarter. Tudor Financial Inc. raised its stake in Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock valued at $290,000 after acquiring an additional 75 shares during the period. Park National Corp OH lifted its stake in shares of Kimberly-Clark by 2.6% during the 1st quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after buying an additional 77 shares during the last quarter. Hoge Financial Services LLC grew its position in shares of Kimberly-Clark by 4.2% in the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock valued at $271,000 after purchasing an additional 77 shares during the last quarter. Finally, Nwam LLC increased its position in Kimberly-Clark by 1.2% during the 1st quarter. Nwam LLC now owns 6,386 shares of the company's stock worth $908,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. UBS Group cut their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler started coverage on Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective on the stock. Barclays upped their target price on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Finally, Evercore ISI decreased their price target on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday. 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 company. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of "Hold" and a consensus target price of $142.20.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded down $0.55 during midday trading on Monday, hitting $124.07. 2,683,760 shares of the company traded hands, compared to its average volume of 2,330,537. The stock has a market cap of $41.16 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 4.46 and a beta of 0.32. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm's fifty day moving average price is $129.67 and its 200-day moving average price is $133.77. Kimberly-Clark Co. has a 12 month low of $123.80 and a 12 month high of $150.45.

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 (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.96 earnings per share. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 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.