SS&H Financial Advisors Inc. Has $892,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

SS&H Financial Advisors Inc. cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.0% in the second quarter, Holdings Channel reports. The firm owned 6,460 shares of the company’s stock after selling 200 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in Kimberly-Clark were worth $892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark during the second quarter worth about $26,000. Rise Advisors LLC boosted its stake in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after acquiring an additional 176 shares during the last quarter. New Millennium Group LLC acquired a new position in Kimberly-Clark during the second quarter valued at approximately $28,000. Crewe Advisors LLC bought a new stake in Kimberly-Clark in the first quarter valued at approximately $27,000. Finally, Fortitude Family Office LLC raised its holdings in Kimberly-Clark by 333.3% in the second quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after purchasing an additional 250 shares during the period. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KMB shares. Barclays decreased their price target on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. TD Cowen began coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price for the company. Piper Sandler raised their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Wells Fargo & Company cut their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, BNP Paribas assumed coverage on Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $145.67.

Kimberly-Clark Stock Up 0.1 %

Kimberly-Clark stock opened at $142.44 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $149.30. The company has a fifty day simple moving average of $142.26 and a 200 day simple moving average of $136.96. The company has a market cap of $47.96 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the company earned $1.65 EPS. Kimberly-Clark’s revenue for the quarter was down 2.0% compared to the same quarter last year. Research analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.43%. Kimberly-Clark’s payout ratio is 89.71%.

Insiders Place Their Bets

In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Company 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.