Yousif Capital Management LLC Trims Position in Kimberly-Clark Co. $KMB

Key Points

• Yousif Capital Management LLC reduced its stake in Kimberly-Clark Co. by 3.6%, now owning 101,768 shares worth approximately $13.12 million after selling 3,839 shares in Q2.
• A number of institutional investors, including Brighton Jones LLC and Wealth Enhancement Advisory Services LLC, have significantly increased their positions in Kimberly-Clark, with Brighton Jones raising its stake by 74.1% in the 4th quarter.
• Recent analyst ratings show a mix of downgrades for Kimberly-Clark, with reductions in target prices from firms like UBS and JPMorgan, while the overall consensus rating remains a "Hold."

Yousif Capital Management LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,768 shares of the company's stock after selling 3,839 shares during the quarter. Yousif Capital Management LLC's holdings in Kimberly-Clark were worth $13,120,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KMB. Brighton Jones LLC lifted its stake in shares of Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after purchasing an additional 2,765 shares during the period. CVA Family Office LLC lifted its stake in shares of Kimberly-Clark by 29.5% during the 1st quarter. CVA Family Office LLC now owns 892 shares of the company's stock worth $127,000 after purchasing an additional 203 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Kimberly-Clark by 31.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 125,323 shares of the company's stock worth $17,824,000 after purchasing an additional 30,342 shares during the period. Ritholtz Wealth Management lifted its stake in shares of Kimberly-Clark by 1.6% during the 1st quarter. Ritholtz Wealth Management now owns 8,213 shares of the company's stock worth $1,168,000 after purchasing an additional 133 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in shares of Kimberly-Clark by 49.4% during the 1st quarter. Sound Income Strategies LLC now owns 357 shares of the company's stock worth $51,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on KMB shares. 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 report on Wednesday, October 8th. 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 report on Monday, September 22nd. Piper Sandler cut their target price on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, October 2nd. 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 report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. cut their target price on Kimberly-Clark from $144.00 to $127.00 and set a "neutral" rating on the stock in a research report on Friday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $137.00.

Kimberly-Clark Stock Down 0.3%

Shares of NYSE KMB opened at $119.27 on Tuesday. Kimberly-Clark Co. has a 12-month low of $118.18 and a 12-month high of $150.45. The company has a market cap of $39.57 billion, a P/E ratio of 15.80, a P/E/G ratio of 4.46 and a beta of 0.30. 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 stock has a fifty day moving average price of $127.90 and a 200 day moving average price of $131.84.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced 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 return on equity of 201.43% and a net margin of 12.69%.The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the firm earned $1.96 EPS. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

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