Allspring Global Investments Holdings LLC Has $5.69 Million Holdings in Kimberly-Clark Co. $KMB

Key Points

• Allspring Global Investments Holdings LLC significantly reduced its stake in Kimberly-Clark Co. by 73.7% during the 2nd quarter, holding $5.69 million after selling over 121,000 shares.
• Kimberly-Clark's recent earnings report showed a EPS of $1.92, exceeding analyst estimates, but the company's revenue dropped 1.6% year-over-year to $4.16 billion.
• The company announced a quarterly dividend of $1.26 per share, representing a yield of 4.2%, with an annualized payout of $5.04.

Allspring Global Investments Holdings LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 73.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,260 shares of the company's stock after selling 121,366 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Kimberly-Clark were worth $5,693,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Strs Ohio acquired a new position in Kimberly-Clark during the 1st quarter valued at $12,854,000. Elevate Capital Advisors LLC raised its stake in shares of 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 in the last quarter. Citigroup Inc. raised its stake in shares of Kimberly-Clark by 86.8% in the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company's stock valued at $72,473,000 after buying an additional 236,733 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of 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 in the last quarter. Finally, United Community Bank raised its stake in shares of 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 in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 1.5%

Shares of Kimberly-Clark stock opened at $121.44 on Monday. The stock has a market capitalization of $40.29 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a 50-day simple moving average of $126.65 and a 200 day simple moving average of $131.20. Kimberly-Clark Co. has a 12-month low of $118.18 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced 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 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 analysts' expectations of $4.85 billion. During the same quarter last year, the company posted $1.96 EPS. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts expect 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. Shareholders of record on Friday, September 5th were issued 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 is currently 69.42%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. Piper Sandler dropped their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, October 2nd. Evercore ISI dropped their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, September 22nd. Barclays dropped their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and an average target price of $137.00.

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.

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