Focus Financial Network Inc. Cuts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Focus Financial Network Inc. decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,264 shares of the company’s stock after selling 95 shares during the quarter. Focus Financial Network Inc.’s holdings in Kimberly-Clark were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Liberty One Investment Management LLC lifted its holdings in shares of Kimberly-Clark by 1.2% in the 2nd quarter. Liberty One Investment Management LLC now owns 204,570 shares of the company’s stock valued at $28,272,000 after acquiring an additional 2,512 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of Kimberly-Clark by 6.2% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,842 shares of the company’s stock worth $531,000 after buying an additional 224 shares during the period. Pallas Capital Advisors LLC grew its holdings in Kimberly-Clark by 44.3% during the 2nd quarter. Pallas Capital Advisors LLC now owns 2,320 shares of the company’s stock worth $334,000 after acquiring an additional 712 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Kimberly-Clark by 5.5% during the second quarter. First Citizens Bank & Trust Co. now owns 22,809 shares of the company’s stock valued at $3,152,000 after purchasing an additional 1,183 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. increased its holdings in Kimberly-Clark by 51.7% during the second quarter. ZWJ Investment Counsel Inc. now owns 3,118 shares of the company’s stock valued at $431,000 after buying an additional 1,062 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KMB. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Piper Sandler increased their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Finally, HSBC upped their price target on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded up $0.13 during midday trading on Wednesday, reaching $144.37. The company’s stock had a trading volume of 564,181 shares, compared to its average volume of 2,162,696. The stock has a fifty day moving average of $140.00 and a 200 day moving average of $132.37. The firm has a market capitalization of $48.61 billion, a PE ratio of 26.62, a P/E/G ratio of 2.95 and a beta of 0.37. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $145.68.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts expect that Kimberly-Clark Co. will post 7.21 EPS 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 paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider Buying and Selling

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

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.