Toth Financial Advisory Corp Has $4.26 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Toth Financial Advisory Corp lowered its holdings in Kimberly-Clark Co. (NYSE:KMB) by 1.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,915 shares of the company’s stock after selling 430 shares during the quarter. Toth Financial Advisory Corp’s holdings in Kimberly-Clark were worth $4,256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the second quarter worth $26,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter worth about $28,000. Crewe Advisors LLC acquired a new position in shares of Kimberly-Clark during the first quarter valued at about $27,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in Kimberly-Clark during the third quarter worth about $39,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on 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 sale, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on KMB. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Piper Sandler lifted their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company lowered their price target on shares of 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, Barclays lifted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $149.14.

Kimberly-Clark Price Performance

KMB stock traded down $0.87 during midday trading on Monday, reaching $144.54. 782,802 shares of the company’s stock traded hands, compared to its average volume of 2,100,617. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The company has a market cap of $48.67 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 2.98 and a beta of 0.39. The company has a 50-day simple moving average of $143.15 and a two-hundred day simple moving average of $138.46. Kimberly-Clark Co. has a 1-year low of $116.63 and a 1-year high of $149.30.

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

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were given a dividend of $1.22 per share. The ex-dividend date was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.38%. Kimberly-Clark’s payout ratio is 89.71%.

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.