RFG Advisory LLC Boosts Stake in Kimberly-Clark Co. $KMB

Key Points

• RFG Advisory LLC increased its stake in Kimberly-Clark Co. by 16.3%, owning 14,931 shares worth approximately $1.93 million after purchasing an additional 2,089 shares.
• Several analysts have downgraded their price targets for Kimberly-Clark, with estimates now ranging from $127.00 to $145.00, indicating a cautious outlook on the stock.
• Kimberly-Clark declared a quarterly dividend of $1.26, yielding approximately 4.2%, with a dividend payout ratio of 69.42%.

RFG Advisory LLC grew its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 16.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 14,931 shares of the company's stock after acquiring an additional 2,089 shares during the period. RFG Advisory LLC's holdings in Kimberly-Clark were worth $1,925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $25,000. First Pacific Financial purchased a new stake in shares of Kimberly-Clark in the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC grew its stake in shares of Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after buying an additional 125 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of Kimberly-Clark in the 1st quarter worth approximately $36,000. Finally, Rossby Financial LCC purchased a new stake in shares of Kimberly-Clark in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. 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 note on Thursday, October 2nd. 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 note on Friday, October 10th. Barclays cut their target price on Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 1st. Evercore ISI cut their target price on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, September 22nd. Finally, UBS Group cut their target price on Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $137.00.

Kimberly-Clark Stock Performance

Shares of KMB opened at $119.92 on Thursday. The company has a market cap of $39.79 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 12 month low of $118.18 and a 12 month 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. The business's fifty day simple moving average is $127.28 and its two-hundred day simple moving average is $131.68.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion for 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%.The company's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the business posted $1.96 EPS. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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