Welch Group LLC Has $47.39 Million Stock Position in Kimberly-Clark Co. $KMB

Key Points

• Welch Group LLC increased its stake in Kimberly-Clark Co. by 1.2% during Q2, bringing its total ownership to approximately $47.39 million or about 0.11% of the company.
• Kimberly-Clark's recent earnings report showed an EPS of $1.92, exceeding analysts' estimates of $1.67, but its revenue of $4.16 billion fell short of expectations.
• The company's dividend yield currently stands at 4.2%, with a recently declared quarterly dividend of $1.26, contributing to an annualized payment of $5.04.

Welch Group LLC increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 367,551 shares of the company's stock after buying an additional 4,201 shares during the period. Kimberly-Clark accounts for approximately 2.0% of Welch Group LLC's holdings, making the stock its 29th biggest holding. Welch Group LLC owned about 0.11% of Kimberly-Clark worth $47,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KMB. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark during the 2nd quarter worth about $25,000. First Pacific Financial acquired a new position in Kimberly-Clark during the 1st quarter worth about $26,000. Financial Network Wealth Advisors LLC lifted its position in Kimberly-Clark by 176.1% during 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 in the last quarter. Elequin Capital LP acquired a new position in Kimberly-Clark during the 1st quarter worth about $36,000. Finally, Rossby Financial LCC acquired a new position in Kimberly-Clark during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $119.57 on Monday. 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 stock has a market cap of $39.67 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The stock has a 50-day moving average of $128.18 and a 200-day moving average of $131.99. Kimberly-Clark Co. has a one year low of $119.36 and a one year high of $150.45.

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

Kimberly-Clark Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. Kimberly-Clark's dividend payout ratio is 69.42%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Piper Sandler dropped their price objective on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, October 2nd. Evercore ISI dropped their price objective on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Monday, September 22nd. Citigroup dropped their price objective on Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $144.00 to $127.00 and set a "neutral" rating for the company in a report on Friday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $137.00.

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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