Aberdeen Group plc Lowers Stock Holdings in Kimberly-Clark Co. $KMB

Key Points

• Aberdeen Group plc has reduced its holdings in Kimberly-Clark Co. by 44.2%, selling 192,441 shares and now owning 243,007 shares valued at approximately $34.5 million.
• Several institutional investors, including GAMMA Investing LLC and Pacer Advisors Inc., have significantly increased their stakes in Kimberly-Clark, with GAMMA raising theirs by 10,975.8%.
• Kimberly-Clark's most recent earnings report showed an EPS of $1.92, surpassing expectations, but revenue declined 1.6% year-over-year, totaling $4.16 billion.

Aberdeen Group plc decreased its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 44.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,007 shares of the company's stock after selling 192,441 shares during the quarter. Aberdeen Group plc owned 0.07% of Kimberly-Clark worth $34,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Wealth Management LLC increased its stake in Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock valued at $577,000 after acquiring an additional 74 shares during the last quarter. Tudor Financial Inc. lifted its holdings in shares of Kimberly-Clark by 3.8% during the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock valued at $290,000 after purchasing an additional 75 shares in the last quarter. Park National Corp OH lifted its holdings in Kimberly-Clark by 2.6% in the first quarter. Park National Corp OH now owns 3,031 shares of the company's stock valued at $431,000 after acquiring an additional 77 shares during the period. Hoge Financial Services LLC raised its stake in shares of Kimberly-Clark by 4.2% in the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after buying an additional 77 shares during the period. Finally, Nwam LLC increased its stake in Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company's stock worth $908,000 after buying an additional 77 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded up $0.8410 during mid-day trading on Friday, reaching $133.8110. 622,675 shares of the company were exchanged, compared to its average volume of 2,312,236. The firm has a market cap of $44.40 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33. 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 Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The firm's 50-day simple moving average is $130.38 and its two-hundred day simple moving average is $135.11.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the business posted $1.96 EPS. The company's revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 3.8%. Kimberly-Clark's payout ratio is 69.42%.

Wall Street Analyst Weigh In

KMB has been the subject of several analyst reports. Piper Sandler initiated 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. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $125.00 to $138.00 in a report on Monday, August 4th. UBS Group cut their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Finally, Barclays upped their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $142.70.

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.