HighTower Advisors LLC Sells 5,272 Shares of Kimberly-Clark Corporation $KMB

HighTower Advisors LLC decreased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,794 shares of the company’s stock after selling 5,272 shares during the quarter. HighTower Advisors LLC’s holdings in Kimberly-Clark were worth $15,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Godfrey Financial Associates Inc. purchased a new stake in Kimberly-Clark in the fourth quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the second quarter valued at about $27,000. CrossGen Wealth LLC purchased a new position in Kimberly-Clark in the fourth quarter worth about $27,000. Motiv8 Investments LLC purchased a new position in Kimberly-Clark in the fourth quarter worth about $31,000. Finally, Entrust Financial LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $32,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KMB shares. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Barclays boosted their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Piper Sandler reissued an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Finally, TD Cowen lifted their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $117.93.

Kimberly-Clark Stock Down 4.1%

Shares of KMB opened at $98.70 on Thursday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The stock has a market capitalization of $32.83 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 4.30 and a beta of 0.25. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $130.83. The business’s 50 day simple moving average is $109.34 and its 200-day simple moving average is $103.55.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. Kimberly-Clark’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 EPS. As a group, equities analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s payout ratio is presently 87.07%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.