Quadcap Wealth Management LLC Sells 2,451 Shares of Kimberly-Clark Co. $KMB

Key Points

• Quadcap Wealth Management LLC reduced its stake in Kimberly-Clark Co. by 52.6% in the first quarter, selling 2,451 shares and holding 2,209 shares worth approximately $314,000.
• Several institutional investors, including Citigroup Inc. and Elevate Capital Advisors LLC, significantly increased their holdings in Kimberly-Clark, reflecting a robust interest in the company's stock.
• Kimberly-Clark reported $1.92 EPS for the last quarter, exceeding estimates, but saw a 1.6% decrease in revenue year-over-year.

Quadcap Wealth Management LLC lowered its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 52.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,209 shares of the company's stock after selling 2,451 shares during the quarter. Quadcap Wealth Management LLC's holdings in Kimberly-Clark were worth $314,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KMB. First Pacific Financial purchased a new position in Kimberly-Clark during the 1st quarter valued at about $26,000. Financial Network Wealth Advisors LLC grew its holdings in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock valued at $28,000 after buying an additional 125 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $29,000. Elequin Capital LP purchased a new position in Kimberly-Clark during the 1st quarter valued at about $36,000. Finally, AlphaCore Capital LLC purchased a new position in Kimberly-Clark during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

NYSE:KMB traded up $0.42 during mid-day trading on Monday, reaching $129.14. The stock had a trading volume of 1,785,551 shares, compared to its average volume of 2,309,663. The firm has a 50 day moving average price of $130.53 and a two-hundred day moving average price of $135.12. The stock has a market capitalization of $42.85 billion, a P/E ratio of 17.10, a P/E/G ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its 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. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.Kimberly-Clark's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. As a group, analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 3.9%. Kimberly-Clark's payout ratio is presently 69.42%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KMB. UBS Group reduced their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Piper Sandler initiated coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 price target for the company. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Finally, Barclays lifted their price target 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. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $142.70.

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.