Kimberly-Clark Corporation $KMB Stock: D.A. Davidson & CO. Lowers Stake

Key Points

• D.A. Davidson & Co. reduced its Kimberly-Clark stake by 34.6% in the third quarter, selling 31,462 shares and retaining 59,599 shares valued at approximately $5.8 million. Institutional investors collectively own 76.29% of KMB.
• Analyst sentiment remains mixed, with Kimberly-Clark carrying a consensus “Hold” rating and an average price target of $111.56. Recent targets ranged from $100 to $118, while Freedom Capital upgraded the stock to “strong buy.”
• KMB shares opened at $107.94, while the company offers a quarterly dividend of $1.28, or $5.12 annually, representing a 4.7% yield. The company’s latest quarterly earnings and revenue came in below analyst expectations.

D.A. Davidson & CO. lessened its stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 34.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,599 shares of the company's stock after selling 31,462 shares during the quarter. D.A. Davidson & CO.'s holdings in Kimberly-Clark were worth $5,807,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KMB. Mystic Asset Management Inc. boosted its position in shares of Kimberly-Clark by 0.5% during the third quarter. Mystic Asset Management Inc. now owns 20,354 shares of the company's stock worth $1,983,000 after buying an additional 109 shares during the period. Assetmark Inc. lifted its position in Kimberly-Clark by 0.6% during the 1st quarter. Assetmark Inc. now owns 20,216 shares of the company's stock worth $1,950,000 after buying an additional 121 shares in the last quarter. Annex Advisory Services LLC boosted its stake in shares of Kimberly-Clark by 2.0% during the 3rd quarter. Annex Advisory Services LLC now owns 6,533 shares of the company's stock worth $637,000 after buying an additional 125 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Kimberly-Clark by 17.6% in the 1st quarter. Root Financial Partners LLC now owns 847 shares of the company's stock valued at $82,000 after acquiring an additional 127 shares in the last quarter. Finally, Pension & Wealth Management Advisors Inc. increased its position in shares of Kimberly-Clark by 37.5% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 517 shares of the company's stock valued at $50,000 after acquiring an additional 141 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KMB. UBS Group raised their price target on Kimberly-Clark from $106.00 to $113.00 and gave the company a "neutral" rating in a research note on Wednesday. Piper Sandler dropped their price target on Kimberly-Clark from $121.00 to $118.00 and set an "overweight" rating on the stock in a research note on Friday, September 11th. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $105.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, October 5th. Canaccord Genuity Group started coverage on shares of Kimberly-Clark in a research report on Friday, October 23rd. They issued a "hold" rating and a $105.00 price objective on the stock. Finally, Freedom Capital upgraded shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark has an average rating of "Hold" and a consensus price target of $111.56.

Kimberly-Clark Stock Performance

Shares of NASDAQ:KMB opened at $107.94 on Friday. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $120.09. The company's 50 day moving average price is $102.82 and its two-hundred day moving average price is $103.02. The firm has a market cap of $35.90 billion, a PE ratio of 18.36, a PEG ratio of 5.84 and a beta of 0.25. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Equities research analysts predict that Kimberly-Clark Corporation will post 6.83 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $1.28 dividend. The ex-dividend date was Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimberly-Clark's dividend payout ratio (DPR) is presently 87.07%.

About Kimberly-Clark

Kimberly-Clark Corporation NASDAQ: KMB is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company's well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.