GSB Wealth Management LLC Sells 188 Shares of Kimberly-Clark Co. (NYSE:KMB)

GSB Wealth Management LLC cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,995 shares of the company’s stock after selling 188 shares during the period. GSB Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,422,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KMB. Price T Rowe Associates Inc. MD boosted its position in shares of Kimberly-Clark by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after purchasing an additional 944,920 shares during the period. Wulff Hansen & CO. lifted its holdings in Kimberly-Clark by 13,720.0% in the 2nd quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock worth $88,659,000 after purchasing an additional 636,882 shares in the last quarter. Marshall Wace LLP boosted its stake in Kimberly-Clark by 48.4% in the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after purchasing an additional 503,839 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after buying an additional 354,501 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Kimberly-Clark by 17.8% during the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after buying an additional 342,790 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. UBS Group reduced their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company cut their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Piper Sandler increased their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, TD Cowen assumed coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $134.51 on Wednesday. The stock has a market cap of $45.29 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.89 and a beta of 0.39. Kimberly-Clark Co. has a 52-week low of $117.46 and a 52-week high of $149.30. The business has a 50-day simple moving average of $142.59 and a 200-day simple moving average of $139.01. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 EPS. On average, equities analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm 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 of this dividend was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.63%. Kimberly-Clark’s dividend payout ratio (DPR) 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.