Tompkins Financial Corp Decreases Stake in Kimberly-Clark Co. $KMB

Key Points

• Tompkins Financial Corp has reduced its stake in Kimberly-Clark Co. by 3.9%, now holding 55,766 shares valued at approximately $7.19 million.
• Kimberly-Clark reported $1.92 EPS for the last quarter, exceeding analysts' expectations of $1.67, but saw a 1.6% decline in revenue year-over-year.
• The company has declared a quarterly dividend of $1.26 per share, resulting in an annualized yield of 4.0%.

Tompkins Financial Corp reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,766 shares of the company's stock after selling 2,263 shares during the period. Tompkins Financial Corp's holdings in Kimberly-Clark were worth $7,189,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. First Pacific Financial purchased a new stake in Kimberly-Clark during the 1st quarter valued at about $26,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after purchasing an additional 125 shares during the period. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark during the first quarter worth about $36,000. Rossby Financial LCC purchased a new stake in Kimberly-Clark in the first quarter valued at approximately $37,000. Finally, AlphaCore Capital LLC acquired a new position in Kimberly-Clark in the 1st quarter worth approximately $37,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 0.4%

Shares of Kimberly-Clark stock opened at $125.59 on Thursday. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The stock has a market cap of $41.67 billion, a P/E ratio of 16.63, a P/E/G ratio of 4.46 and a beta of 0.32. The stock's 50 day simple moving average is $129.97 and its 200-day simple moving average is $134.26. 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 (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the previous year, the firm earned $1.96 EPS. The company's quarterly revenue was down 1.6% compared to the same quarter last year. Analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's payout ratio is 69.42%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Piper Sandler started coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $125.00 to $138.00 in a research report on Monday, August 4th. UBS Group cut their price target on 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, Barclays upped their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target of $142.70.

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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