Amundi Trims Stock Position in Kimberly-Clark Corporation $KMB

Amundi reduced its stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 16.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,364,152 shares of the company's stock after selling 262,839 shares during the quarter. Amundi owned 0.41% of Kimberly-Clark worth $149,743,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KMB. California State Teachers Retirement System increased its stake in shares of Kimberly-Clark by 11,088.4% during the second quarter. California State Teachers Retirement System now owns 43,186,921 shares of the company's stock worth $4,740,628,000 after acquiring an additional 42,800,922 shares during the period. BlackRock Inc. acquired a new stake in Kimberly-Clark in the second quarter valued at about $3,547,915,000. Wellington Management Group LLP boosted its holdings in Kimberly-Clark by 26,997.7% in the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company's stock valued at $743,399,000 after purchasing an additional 7,341,215 shares in the last quarter. Thornburg Investment Management Inc. purchased a new stake in Kimberly-Clark in the 2nd quarter valued at approximately $632,373,000. Finally, Norges Bank acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $521,184,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $102.93 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The company has a market capitalization of $34.23 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 4.39 and a beta of 0.25. The firm has a 50-day moving average price of $109.60 and a two-hundred day moving average price of $103.62. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $131.53.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm's revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $1.92 EPS. As a group, research analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's payout ratio is currently 87.07%.

Analysts Set New Price Targets

KMB has been the subject of several recent analyst reports. Piper Sandler reissued an "overweight" rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Weiss Ratings upgraded shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. UBS Group boosted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Freedom Capital upgraded shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Finally, Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and a consensus target price of $117.93.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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