Kimberly-Clark Co. $KMB Shares Sold by Pensionfund Sabic

Pensionfund Sabic lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 19.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,300 shares of the company’s stock after selling 2,500 shares during the period. Pensionfund Sabic’s holdings in Kimberly-Clark were worth $1,465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMB. First Pacific Financial acquired a new position in shares of Kimberly-Clark during the first quarter worth $26,000. Financial Network Wealth Advisors LLC boosted its stake in Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Elequin Capital LP acquired a new position in Kimberly-Clark in the first quarter valued at $36,000. Rossby Financial LCC acquired a new position in Kimberly-Clark in the first quarter valued at $37,000. Finally, AlphaCore Capital LLC acquired a new position in Kimberly-Clark in the first quarter valued at $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on KMB. UBS Group decreased their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Piper Sandler began coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They issued an “overweight” rating and a $144.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Finally, Barclays upped their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $142.70.

Kimberly-Clark Price Performance

Shares of KMB opened at $127.99 on Friday. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The company has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The firm has a 50-day simple moving average of $130.33 and a 200-day simple moving average of $134.58. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s dividend payout ratio is currently 69.42%.

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.