ORG Wealth Partners LLC Trims Stake in Kimberly-Clark Co. $KMB

Key Points

• ORG Wealth Partners LLC reduced its stake in Kimberly-Clark Co. by 77.9% in Q2, leaving it with only 698 shares valued at $92,000.
• Several other institutional investors increased their positions in Kimberly-Clark, with 76.29% of the stock now held by institutional investors.
• Kimberly-Clark recently announced a quarterly dividend of $1.26 per share, yielding approximately 4.1%, with a payout ratio of 69.42%.

ORG Wealth Partners LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 77.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 698 shares of the company's stock after selling 2,461 shares during the period. ORG Wealth Partners LLC's holdings in Kimberly-Clark were worth $92,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC grew its holdings in Kimberly-Clark by 10.0% in the second quarter. ORG Partners LLC now owns 1,634 shares of the company's stock worth $211,000 after purchasing an additional 149 shares during the period. State of Alaska Department of Revenue lifted its position in Kimberly-Clark by 6.1% during the second quarter. State of Alaska Department of Revenue now owns 58,208 shares of the company's stock valued at $7,503,000 after purchasing an additional 3,360 shares during the period. Patton Fund Management Inc. bought a new position in Kimberly-Clark during the second quarter valued at approximately $216,000. ST Germain D J Co. Inc. lifted its position in Kimberly-Clark by 2.7% during the second quarter. ST Germain D J Co. Inc. now owns 7,515 shares of the company's stock valued at $969,000 after purchasing an additional 200 shares during the period. Finally, LS Investment Advisors LLC raised its position in Kimberly-Clark by 4.9% in the second quarter. LS Investment Advisors LLC now owns 14,533 shares of the company's stock worth $1,874,000 after acquiring an additional 680 shares during the period. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KMB has been the topic of several recent research reports. Piper Sandler began coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target on the stock. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research note on Thursday. Evercore ISI dropped their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, September 22nd. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. Finally, Barclays lifted their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $141.20.

Kimberly-Clark Stock Performance

KMB opened at $122.23 on Friday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a fifty day moving average price of $129.31 and a 200 day moving average price of $133.26. The stock has a market cap of $40.55 billion, a P/E ratio of 16.19, a P/E/G ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a 1 year low of $121.02 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating 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 business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same period in the prior year, the business earned $1.96 earnings per share. The company's quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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 paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.1%. Kimberly-Clark's dividend payout ratio is currently 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.

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