Diversified Trust Co Has $5.89 Million Position in Kimberly-Clark Co. $KMB

Key Points

• Diversified Trust Co has reduced its holdings in Kimberly-Clark Co. (NYSE:KMB) by 30.9%, now owning 45,672 shares valued at approximately $5.9 million.
• Several analysts have upgraded their ratings for Kimberly-Clark, with JPMorgan Chase adjusting its target price from $125.00 to $138.00, showing growing confidence in the company.
• Kimberly-Clark announced a quarterly dividend of $1.26, yielding 4.0%, slated for payment on October 2nd, reflecting the company's commitment to returning value to shareholders.

Diversified Trust Co lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 30.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,672 shares of the company's stock after selling 20,461 shares during the quarter. Diversified Trust Co's holdings in Kimberly-Clark were worth $5,888,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KMB. GAMMA Investing LLC boosted its stake in Kimberly-Clark by 10,975.8% during the first quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock worth $270,510,000 after buying an additional 1,884,877 shares during the period. Pacer Advisors Inc. raised its holdings in Kimberly-Clark by 2,982.8% in the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after acquiring an additional 1,339,413 shares in the last quarter. Trinity Financial Advisors LLC acquired a new stake in Kimberly-Clark in the first quarter valued at approximately $181,762,000. Nuveen LLC acquired a new stake in Kimberly-Clark during the first quarter worth approximately $106,458,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock worth $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analysts Set New Price Targets

KMB has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. 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 research note on Monday, August 4th. Evercore ISI decreased their target price on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Monday. Piper Sandler assumed coverage on Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target for the company. Finally, UBS Group reduced their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $142.20.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded down $1.40 during mid-day trading on Tuesday, reaching $122.68. 416,576 shares of the company were exchanged, compared to its average volume of 2,319,783. The company has a fifty day simple moving average of $129.67 and a 200-day simple moving average of $133.77. Kimberly-Clark Co. has a 12 month low of $122.73 and a 12 month high of $150.45. 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 $40.70 billion, a PE ratio of 16.27, a PEG ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the company earned $1.96 EPS. The company's revenue was down 1.6% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a dividend of $1.26 per share. 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%.

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.