BI Asset Management Fondsmaeglerselskab A S Lowers Stock Holdings in Kimberly-Clark Co. $KMB

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its stake in Kimberly-Clark Co. by 57.0%, selling 125,688 shares during the first quarter, leaving it with 94,778 shares valued at approximately $13.48 million.
• Analysts have set new price targets for Kimberly-Clark, with Barclays raising its target from $134.00 to $139.00 and JPMorgan Chase upgrading its rating to "neutral" with a price target increase to $138.00.
• The company announced a quarterly dividend of $1.26 per share, representing an annualized dividend yield of 3.8%, with the dividend payout ratio currently at 69.42%.

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 57.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,778 shares of the company's stock after selling 125,688 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Kimberly-Clark were worth $13,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Elevate Capital Advisors LLC grew its position in shares of Kimberly-Clark by 46.4% during the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock valued at $1,770,000 after purchasing an additional 3,944 shares in the last quarter. Citigroup Inc. grew its position in shares of Kimberly-Clark by 86.8% during the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company's stock valued at $72,473,000 after purchasing an additional 236,733 shares in the last quarter. Unigestion Holding SA grew its position in shares of Kimberly-Clark by 8.2% during the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock valued at $18,145,000 after purchasing an additional 9,643 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Finally, Farmers Trust Co. grew its position in shares of Kimberly-Clark by 108.6% during the 1st quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock valued at $6,412,000 after purchasing an additional 23,472 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research reports. 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 price target for the company. UBS Group cut 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 report on Thursday, July 17th. JPMorgan Chase & Co. upgraded 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 report on Monday, August 4th. Finally, Barclays upped their target price 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. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Trading Down 1.2%

Shares of Kimberly-Clark stock traded down $1.6350 during trading on Monday, reaching $131.8550. 539,711 shares of the stock were exchanged, compared to its average volume of 2,309,087. 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 stock's fifty day moving average is $130.43 and its 200 day moving average is $135.23. The firm has a market cap of $43.75 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Kimberly-Clark's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 earnings per share. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share 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. Shareholders of record on Friday, September 5th will be issued a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 3.8%. Kimberly-Clark's dividend payout ratio (DPR) is 69.42%.

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.