Schnieders Capital Management LLC Sells 3,495 Shares of Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Schnieders Capital Management LLC decreased its stake in Kimberly-Clark Co. by 21.8%, now holding 12,524 shares valued at approximately $1.78 million.
• Kimberly-Clark has recently reported $1.92 EPS for the last quarter, exceeding the estimated $1.67, despite a 1.6% decline in revenue year-over-year.
• The company announced a quarterly dividend of $1.26 per share, reflecting a yield of 3.8%, to be paid on October 2nd.

Schnieders Capital Management LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 21.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,524 shares of the company's stock after selling 3,495 shares during the quarter. Schnieders Capital Management LLC's holdings in Kimberly-Clark were worth $1,781,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SageView Advisory Group LLC boosted its stake in Kimberly-Clark by 4.5% in the fourth quarter. SageView Advisory Group LLC now owns 1,706 shares of the company's stock valued at $224,000 after acquiring an additional 74 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock valued at $577,000 after acquiring an additional 74 shares during the last quarter. Tudor Financial Inc. boosted its stake in Kimberly-Clark by 3.8% in the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock valued at $290,000 after acquiring an additional 75 shares during the last quarter. Park National Corp OH boosted its stake in Kimberly-Clark by 2.6% in the first quarter. Park National Corp OH now owns 3,031 shares of the company's stock valued at $431,000 after acquiring an additional 77 shares during the last quarter. Finally, Hoge Financial Services LLC boosted its position in shares of Kimberly-Clark by 4.2% during the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after purchasing an additional 77 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Down 0.4%

KMB stock traded down $0.61 during midday trading on Friday, hitting $136.16. The company's stock had a trading volume of 1,653,983 shares, compared to its average volume of 2,334,250. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The company's fifty day moving average price is $130.81 and its 200 day moving average price is $134.92. The stock has a market capitalization of $45.18 billion, a P/E ratio of 18.03, a PEG ratio of 4.46 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the business earned $1.96 EPS. The company's revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict 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 will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's payout ratio is presently 69.42%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays lifted their price target 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. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Evercore ISI reduced their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. UBS Group reduced their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada reduced their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark 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.