ABC Arbitrage SA Invests $1.23 Million in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• ABC Arbitrage SA acquired a new stake in Kimberly-Clark Co., purchasing 8,625 shares valued at approximately $1,227,000 during the first quarter.
• Kimberly-Clark recently announced a quarterly dividend of $1.26 per share, with a dividend yield of 3.8%, set to be paid on October 2nd.
• The company's earnings per share (EPS) for the last quarter were reported at $1.92, exceeding analyst expectations of $1.67, despite a 1.6% decline in revenue year-over-year.

ABC Arbitrage SA acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,625 shares of the company's stock, valued at approximately $1,227,000.

Other hedge funds have also recently made changes to their positions in the company. Elevate Capital Advisors LLC boosted its position in Kimberly-Clark by 46.4% in the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock valued at $1,770,000 after buying an additional 3,944 shares during the period. Unigestion Holding SA boosted its position in Kimberly-Clark by 8.2% in the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock valued at $18,145,000 after buying an additional 9,643 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Kimberly-Clark by 270.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after buying an additional 718,720 shares during the period. Farmers Trust Co. boosted its position in Kimberly-Clark by 108.6% in the 1st quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock valued at $6,412,000 after buying an additional 23,472 shares during the period. Finally, United Community Bank boosted its position in Kimberly-Clark by 340.0% in the 1st quarter. United Community Bank now owns 18,518 shares of the company's stock valued at $2,634,000 after buying an additional 14,309 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on KMB. UBS Group decreased their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Barclays lifted their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Evercore ISI decreased their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada decreased their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Stock Performance

NYSE KMB traded down $0.61 during trading on Friday, reaching $136.16. The company's stock had a trading volume of 1,653,983 shares, compared to its average volume of 2,334,250. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm has a market cap of $45.18 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 4.46 and a beta of 0.33. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The business's fifty day moving average price is $130.81 and its 200-day moving average price is $134.92.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.25. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Kimberly-Clark's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 earnings per share. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 3.7%. Kimberly-Clark's payout ratio is currently 69.42%.

Kimberly-Clark 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.