Amundi Reduces Position in Kimberly-Clark Co. $KMB

Key Points

• Amundi has reduced its stake in Kimberly-Clark Co. by 21.5%, selling 515,885 shares and holding a total of 1,885,616 shares worth approximately $273.8 million.
• Kimberly-Clark recently declared a $1.26 quarterly dividend, representing an annualized yield of 3.9%, with a payout ratio of 69.42%.
• In their latest earnings report, Kimberly-Clark exceeded EPS expectations at $1.92, but reported a revenue decrease of 1.6% year-over-year, totaling $4.16 billion.

Amundi lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,885,616 shares of the company's stock after selling 515,885 shares during the period. Amundi owned 0.57% of Kimberly-Clark worth $273,828,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Cornerstone Wealth Management LLC raised its stake in Kimberly-Clark by 1.9% during the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after purchasing an additional 74 shares during the period. Tudor Financial Inc. raised its stake in Kimberly-Clark by 3.8% during 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 period. Park National Corp OH boosted its stake in Kimberly-Clark by 2.6% during the first quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after buying an additional 77 shares during the period. Hoge Financial Services LLC boosted its stake in Kimberly-Clark by 4.2% during 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 boosted its stake in Kimberly-Clark by 1.2% during the first quarter. Nwam LLC now owns 6,386 shares of the company's stock worth $908,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $128.00 on Thursday. 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 firm has a market cap of $42.47 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The company's 50 day simple moving average is $130.48 and its 200-day simple moving average is $135.00. Kimberly-Clark Co. has a 12-month low of $124.10 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 for the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the firm posted $1.96 earnings per share. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 dividend yield of 3.9%. Kimberly-Clark's payout ratio is 69.42%.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Barclays boosted their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. UBS Group decreased their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Finally, Piper Sandler started coverage on Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective for the company. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.

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