Ballentine Partners LLC Decreases Holdings in Kimberly-Clark Co. $KMB

Key Points

• Ballentine Partners LLC reduced its stake in Kimberly-Clark Co. by 30.5%, bringing its holdings down to 13,800 shares valued at $1.779 million.
• Kimberly-Clark reported earnings of $1.92 per share, surpassing analysts' estimates of $1.67, although revenue fell short of expectations at $4.16 billion.
• The company declared a quarterly dividend of $1.26, representing an annual yield of 4.1%, with a payout ratio of 69.42%.

Ballentine Partners LLC trimmed its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 30.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,800 shares of the company's stock after selling 6,064 shares during the period. Ballentine Partners LLC's holdings in Kimberly-Clark were worth $1,779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BCS Wealth Management acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $1,808,000. Norden Group LLC raised its position in shares of Kimberly-Clark by 12.7% in the second quarter. Norden Group LLC now owns 6,443 shares of the company's stock valued at $831,000 after buying an additional 724 shares during the last quarter. Accurate Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $242,000. Fifth Third Bancorp raised its position in shares of Kimberly-Clark by 9.7% in the second quarter. Fifth Third Bancorp now owns 31,345 shares of the company's stock valued at $4,041,000 after buying an additional 2,766 shares during the last quarter. Finally, Waycross Partners LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $357,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 0.1%

Shares of KMB stock opened at $123.93 on Thursday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market cap of $41.12 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The company has a 50-day moving average of $129.54 and a two-hundred day moving average of $133.63. Kimberly-Clark Co. has a 1-year low of $122.58 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion during 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 business posted $1.96 earnings per share. On average, analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company 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 yield of 4.1%. Kimberly-Clark's payout ratio is currently 69.42%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMB. Piper Sandler began coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price for the company. Barclays raised their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. UBS Group cut their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Finally, Evercore ISI cut 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 report on Monday. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $142.20.

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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