APG Asset Management N.V. Sells 61,900 Shares of Kimberly-Clark Co. $KMB

Key Points

• APG Asset Management N.V. reduced its stake in Kimberly-Clark Co. by 11.3%, selling 61,900 shares and bringing its total holdings to approximately 487,214 shares valued at $64.1 million.
• Institutional investors now own 76.29% of Kimberly-Clark's stock, with companies like GAMMA Investing LLC and Pacer Advisors Inc. significantly increasing their stakes during the same period.
• Kimberly-Clark reported $1.92 earnings per share, exceeding analyst estimates, but its revenue declined 1.6% year-over-year to $4.16 billion.

APG Asset Management N.V. decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 487,214 shares of the company's stock after selling 61,900 shares during the period. APG Asset Management N.V. owned approximately 0.15% of Kimberly-Clark worth $64,147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Kimberly-Clark by 10,975.8% during the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock worth $270,510,000 after buying an additional 1,884,877 shares during the period. Pacer Advisors Inc. raised its stake in Kimberly-Clark by 2,982.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock worth $196,878,000 after buying an additional 1,339,413 shares during the period. Trinity Financial Advisors LLC acquired a new stake in Kimberly-Clark during the 1st quarter worth $181,762,000. Nuveen LLC acquired a new stake in Kimberly-Clark during the 1st quarter worth $106,458,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock worth $140,043,000 after buying an additional 718,720 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

KMB has been the topic of several research analyst reports. Barclays raised their price objective 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. UBS Group reduced their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. 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 target price for the company. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Three investment 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 data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Stock Performance

NYSE KMB opened at $133.49 on Friday. The stock has a market cap of $44.29 billion, a PE ratio of 17.68, a PEG ratio of 4.46 and a beta of 0.33. The firm's fifty day moving average price is $130.43 and its two-hundred day moving average price is $135.14. 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 fifty-two week low of $124.10 and a fifty-two week 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 the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.Kimberly-Clark's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. On average, equities analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

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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