Acadian Asset Management LLC Sells 457,519 Shares of Kimberly-Clark Co. $KMB

Key Points

• Acadian Asset Management LLC reduced its stake in Kimberly-Clark by 38.6%, selling 457,519 shares, and now owns approximately 727,573 shares valued at $103.5 million.
• Several hedge funds have increased their positions significantly, with GAMMA Investing LLC boosting its stake by over 10,000% to 1.9 million shares.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, with an annualized yield of 3.9%, scheduled for payment on October 2nd.

Acadian Asset Management LLC cut its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 38.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 727,573 shares of the company's stock after selling 457,519 shares during the period. Acadian Asset Management LLC owned approximately 0.22% of Kimberly-Clark worth $103,457,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KMB. Cornerstone Wealth Management LLC raised its holdings in Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after acquiring an additional 74 shares during the last quarter. Tudor Financial Inc. raised its stake in shares of Kimberly-Clark by 3.8% in the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after purchasing an additional 75 shares during the last quarter. Park National Corp OH lifted its holdings in shares of Kimberly-Clark by 2.6% during the first quarter. Park National Corp OH now owns 3,031 shares of the company's stock valued at $431,000 after purchasing an additional 77 shares in the last quarter. Hoge Financial Services LLC boosted its position in shares of Kimberly-Clark by 4.2% during the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock valued at $271,000 after buying an additional 77 shares during the last quarter. Finally, Nwam LLC increased its holdings 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. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

Shares of NYSE:KMB traded down $1.26 during midday trading on Monday, reaching $126.73. 984,295 shares of the company were exchanged, compared to its average volume of 2,294,548. The stock has a market cap of $42.05 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The business's fifty day moving average is $130.33 and its two-hundred day moving average is $134.51. Kimberly-Clark Co. has a one year low of $124.10 and a one year 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.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 EPS. As a group, analysts predict 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. Shareholders 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 4.0%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is currently 69.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 target price on the stock. UBS Group dropped their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Barclays raised their price target 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. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their target price for the company from $125.00 to $138.00 in a report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $142.70.

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.