Abacus FCF Advisors LLC Has $3.11 Million Holdings in Kimberly-Clark Co. $KMB

Key Points

• Abacus FCF Advisors LLC reduced its stake in Kimberly-Clark Co. by 49.1%, now holding 24,130 shares valued at approximately $3.11 million after selling 23,304 shares.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, equating to an annualized dividend yield of 4.0%, with the dividend payable on October 2nd.
• Several analysts have provided mixed ratings for Kimberly-Clark, with price targets varying from $125.00 to $144.00, and an average price target of $142.70.

Abacus FCF Advisors LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 49.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,130 shares of the company's stock after selling 23,304 shares during the quarter. Abacus FCF Advisors LLC's holdings in Kimberly-Clark were worth $3,111,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new stake in Kimberly-Clark in the first quarter valued at about $26,000. Financial Network Wealth Advisors LLC grew its holdings in Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after buying an additional 125 shares in the last quarter. Elequin Capital LP purchased a new position in Kimberly-Clark in the first quarter worth $36,000. AlphaCore Capital LLC purchased a new position in Kimberly-Clark in the first quarter worth $37,000. Finally, Rossby Financial LCC purchased a new position in shares of Kimberly-Clark during the 1st quarter valued at $37,000. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Down 0.3%

KMB stock traded down $0.36 during trading on Tuesday, reaching $123.72. The stock had a trading volume of 925,015 shares, compared to its average volume of 2,322,737. The firm has a fifty day moving average price of $129.67 and a 200 day moving average price of $133.77. The company has a market capitalization of $41.05 billion, a P/E ratio of 16.39, a PEG ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a 1-year low of $122.58 and a 1-year high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

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 analysts' consensus estimates 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 analyst estimates of $4.85 billion. During the same period in the prior year, the business posted $1.96 EPS. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a $1.26 dividend. This represents a $5.04 annualized dividend 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%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KMB shares. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. UBS Group dropped their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Evercore ISI lowered their target price on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday. 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 for the company. Finally, Barclays lifted their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of "Hold" and an average target price of $142.20.

Kimberly-Clark Company 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.