Kingswood Wealth Advisors LLC Decreases Position in Kimberly-Clark Co. $KMB

Key Points

• Kingswood Wealth Advisors LLC reduced its stake in Kimberly-Clark Co. by 49.8%, bringing their holdings down to 2,338 shares, valued at around $301,000.
• Multiple institutional investors adjusted their positions in Kimberly-Clark, with some increasing their stakes, such as DAVENPORT & Co LLC, which raised its position by 21.8%.
• Kimberly-Clark recently declared a quarterly dividend of $1.26, equating to a yield of 4.2%, showcasing a consistent payout policy despite a decline in quarterly revenue.

Kingswood Wealth Advisors LLC decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 49.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,338 shares of the company's stock after selling 2,318 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Kimberly-Clark were worth $301,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Joel Isaacson & Co. LLC lifted its stake in Kimberly-Clark by 3.2% during the second quarter. Joel Isaacson & Co. LLC now owns 6,165 shares of the company's stock worth $795,000 after purchasing an additional 190 shares during the last quarter. Mraz Amerine & Associates Inc. purchased a new stake in Kimberly-Clark during the second quarter worth approximately $258,000. Eads & Heald Wealth Management increased its position in Kimberly-Clark by 11.2% during the second quarter. Eads & Heald Wealth Management now owns 6,717 shares of the company's stock worth $866,000 after buying an additional 674 shares during the period. Valeo Financial Advisors LLC increased its position in Kimberly-Clark by 2.8% during the second quarter. Valeo Financial Advisors LLC now owns 13,611 shares of the company's stock worth $1,755,000 after buying an additional 377 shares during the period. Finally, DAVENPORT & Co LLC increased its position in Kimberly-Clark by 21.8% during the second quarter. DAVENPORT & Co LLC now owns 89,097 shares of the company's stock worth $11,485,000 after buying an additional 15,975 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Trading Up 0.0%

NYSE:KMB opened at $119.57 on Friday. The firm has a market cap of $39.67 billion, a P/E ratio of 15.84, a PEG ratio of 4.46 and a beta of 0.30. 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 stock's 50 day simple moving average is $128.18 and its 200-day simple moving average is $132.10. Kimberly-Clark Co. has a 12-month low of $119.36 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 earnings per share. Equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.26 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. Kimberly-Clark's payout ratio is 69.42%.

Wall Street Analyst Weigh In

Several research firms have commented on KMB. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $144.00 to $127.00 and set a "neutral" rating on the stock in a research report on Friday. Evercore ISI cut 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, September 22nd. Piper Sandler cut their price target on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, October 2nd. Wells Fargo & Company cut their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Finally, Citigroup cut their price target on Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target of $137.00.

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.