Cadence Bank Reduces Stock Holdings in Kimberly-Clark Co. $KMB

Key Points

• Cadence Bank drastically reduced its stake in Kimberly-Clark Co. by 91.7% in Q1, holding only 3,566 shares worth $507,000 at the end of the period.
• Analysts have mixed opinions on Kimberly-Clark, with three Buy ratings, six Hold ratings, and one Sell rating, alongside a consensus price target of $142.70.
• The company has announced a quarterly dividend of $1.26 per share, translating to an annual yield of 3.8%, highlighting its commitment to returning capital to shareholders.

Cadence Bank lowered its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 91.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,566 shares of the company's stock after selling 39,277 shares during the quarter. Cadence Bank's holdings in Kimberly-Clark were worth $507,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. First Pacific Financial acquired a new stake in shares of Kimberly-Clark during the first quarter valued at about $26,000. Financial Network Wealth Advisors LLC boosted its position in shares of Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after purchasing an additional 125 shares during the period. Minot DeBlois Advisors LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $29,000. Elequin Capital LP acquired a new stake in Kimberly-Clark in the 1st quarter valued at approximately $36,000. Finally, Rossby Financial LCC purchased a new stake in Kimberly-Clark in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on KMB. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler began coverage on Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective on the stock. UBS Group cut their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, Barclays increased 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 report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Stock Up 0.4%

Shares of KMB opened at $133.49 on Friday. The stock has a market capitalization of $44.29 billion, a PE ratio of 17.68, a P/E/G 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. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company's 50-day simple moving average is $130.43 and its 200-day simple moving average is $135.18.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly 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 for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 earnings per share. Analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a $1.26 dividend. The ex-dividend date of this dividend 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%.

About Kimberly-Clark

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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