Crossmark Global Holdings Inc. Reduces Holdings in Kimberly-Clark Corporation $KMB

Key Points

• Crossmark Global trimmed its stake in Kimberly-Clark by 40.3% in Q3, selling 16,796 shares and ending the quarter with 24,849 shares valued at about $3.09 million.
• Kimberly-Clark raised its quarterly dividend to $1.28 (a $5.12 annualized payout), implying a ~4.9% yield, with an ex-dividend date of March 6 and payment on April 2.
• The company reported Q quarterly EPS of $1.86, beating estimates while revenue of $4.08 billion slightly missed expectations; sell‑side analysts maintain a consensus Hold rating with an average target of $119.00.

Crossmark Global Holdings Inc. trimmed its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 40.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,849 shares of the company's stock after selling 16,796 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Kimberly-Clark were worth $3,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of KMB. Assenagon Asset Management S.A. grew its stake in Kimberly-Clark by 186.9% in the third quarter. Assenagon Asset Management S.A. now owns 43,492 shares of the company's stock worth $5,408,000 after purchasing an additional 28,335 shares during the period. Nordea Investment Management AB lifted its position in Kimberly-Clark by 2.5% during the third quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company's stock valued at $301,448,000 after buying an additional 58,978 shares during the period. Franklin Resources Inc. lifted its position in Kimberly-Clark by 3.4% during the second quarter. Franklin Resources Inc. now owns 591,145 shares of the company's stock valued at $76,234,000 after buying an additional 19,298 shares during the period. Synergy Asset Management LLC boosted its holdings in shares of Kimberly-Clark by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 38,260 shares of the company's stock valued at $4,932,000 after buying an additional 19,130 shares in the last quarter. Finally, Hudson Bay Capital Management LP grew its position in shares of Kimberly-Clark by 5,751.6% in the 2nd quarter. Hudson Bay Capital Management LP now owns 94,211 shares of the company's stock worth $12,146,000 after buying an additional 92,601 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Andrew Scribner sold 3,049 shares of the business's stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by insiders.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $104.58 on Friday. The stock has a market cap of $34.71 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 3.76 and a beta of 0.24. The firm's 50-day moving average is $103.41 and its 200 day moving average is $111.22. Kimberly-Clark Corporation has a 1 year low of $96.26 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.05. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. Kimberly-Clark's revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. Sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.9%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark's payout ratio is 83.03%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KMB. Barclays set a $102.00 price target on shares of Kimberly-Clark in a research note on Friday, January 16th. Zacks Research cut shares of Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. UBS Group raised their target price on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, January 28th. BNP Paribas Exane reiterated a "neutral" rating and set a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. Finally, Citigroup dropped their price target on Kimberly-Clark from $95.00 to $90.00 and set a "sell" rating on the stock in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and an average target price of $119.00.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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