Kimberly-Clark Co. $KMB Shares Sold by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Kimberly-Clark by 40.9% in the first quarter, now holding 494,935 shares valued at approximately $70.39 million.
• Kimberly-Clark reported earnings per share of $1.92 for the last quarter, exceeding estimates, but its revenue decreased by 1.6% year-over-year.
• The company announced a quarterly dividend of $1.26, yielding 3.9%, with an ex-dividend date of September 5th.

Canada Pension Plan Investment Board reduced its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 40.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 494,935 shares of the company's stock after selling 342,269 shares during the period. Canada Pension Plan Investment Board owned 0.15% of Kimberly-Clark worth $70,390,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in Kimberly-Clark in the first quarter worth $46,000. State of Wyoming grew its stake in Kimberly-Clark by 3.0% during the 1st quarter. State of Wyoming now owns 2,879 shares of the company's stock worth $409,000 after buying an additional 85 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in Kimberly-Clark during the 1st quarter worth $1,703,000. Transamerica Financial Advisors LLC raised its stake in Kimberly-Clark by 1.9% in the first quarter. Transamerica Financial Advisors LLC now owns 8,207 shares of the company's stock valued at $1,168,000 after buying an additional 156 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in Kimberly-Clark by 5.0% in the first quarter. Guggenheim Capital LLC now owns 81,199 shares of the company's stock worth $11,548,000 after acquiring an additional 3,832 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

KMB has been the topic of several recent analyst reports. Barclays upped their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. UBS Group decreased their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Finally, Piper Sandler started coverage on Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Stock Performance

Shares of KMB traded up $0.97 during trading hours on Thursday, hitting $128.97. The stock had a trading volume of 1,133,818 shares, compared to its average volume of 2,302,105. The firm has a market capitalization of $42.79 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 4.46 and a beta of 0.32. 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 firm has a 50-day moving average price of $130.48 and a 200 day moving average price of $135.00. 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 issued its quarterly earnings data 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. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the firm posted $1.96 earnings per share. The company's revenue was down 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm 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. This represents a $5.04 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 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.