Mizuho Markets Americas LLC Decreases Stock Position in Kimberly-Clark Co. $KMB

Mizuho Markets Americas LLC lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 81.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,854 shares of the company’s stock after selling 8,080 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Kimberly-Clark were worth $239,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. New York Life Investment Management LLC raised its holdings in Kimberly-Clark by 1.2% during the 2nd quarter. New York Life Investment Management LLC now owns 49,667 shares of the company’s stock valued at $6,403,000 after buying an additional 572 shares during the period. Howard Capital Management Inc. raised its holdings in Kimberly-Clark by 22.6% during the 2nd quarter. Howard Capital Management Inc. now owns 2,253 shares of the company’s stock valued at $293,000 after buying an additional 416 shares during the period. Purkiss Capital Advisors LLC raised its holdings in Kimberly-Clark by 29.8% during the 2nd quarter. Purkiss Capital Advisors LLC now owns 3,457 shares of the company’s stock valued at $446,000 after buying an additional 794 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Kimberly-Clark by 30.5% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 78,696 shares of the company’s stock valued at $10,145,000 after buying an additional 18,400 shares during the period. Finally, Advisory Alpha LLC raised its holdings in Kimberly-Clark by 11.5% during the 2nd quarter. Advisory Alpha LLC now owns 2,847 shares of the company’s stock valued at $367,000 after buying an additional 294 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KMB. Piper Sandler cut their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Citigroup cut their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Royal Bank Of Canada reaffirmed an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a research report on Tuesday. Wells Fargo & Company cut their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. cut their price objective on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $137.00.

Kimberly-Clark Price Performance

KMB opened at $120.66 on Wednesday. Kimberly-Clark Co. has a 12-month low of $117.49 and a 12-month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The business’s fifty day simple moving average is $124.78 and its 200-day simple moving average is $130.45. The company has a market capitalization of $40.03 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The business’s 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 fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 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.