DoubleLine ETF Adviser LP Sells 3,738 Shares of Kimberly-Clark Co. $KMB

Key Points

• DoubleLine ETF Adviser LP reduced its stake in Kimberly-Clark Co. by 19.7%, selling 3,738 shares and leaving it with 15,254 shares valued at approximately $2.17 million.
• Kimberly-Clark's earnings per share for the most recent quarter came in at $1.92, exceeding analyst expectations of $1.67, despite a revenue decline of 1.6% compared to the previous year.
• The company has a planned dividend of $1.26 per share to be paid on October 2nd, contributing to an annualized yield of 3.9% based on its current stock price.

DoubleLine ETF Adviser LP cut its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 19.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,254 shares of the company's stock after selling 3,738 shares during the period. DoubleLine ETF Adviser LP's holdings in Kimberly-Clark were worth $2,169,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after purchasing an additional 2,765 shares during the period. Ancora Advisors LLC lifted its holdings in shares of Kimberly-Clark by 10.2% in the 4th quarter. Ancora Advisors LLC now owns 1,169 shares of the company's stock worth $153,000 after buying an additional 108 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Kimberly-Clark by 33.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,336,842 shares of the company's stock worth $175,206,000 after purchasing an additional 338,133 shares during the period. Captrust Financial Advisors boosted its position in Kimberly-Clark by 2.1% during the 4th quarter. Captrust Financial Advisors now owns 85,786 shares of the company's stock valued at $11,241,000 after acquiring an additional 1,777 shares in the last quarter. Finally, BOKF NA grew its stake in Kimberly-Clark by 52.1% in the fourth quarter. BOKF NA now owns 28,851 shares of the company's stock valued at $3,591,000 after purchasing an additional 9,879 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Down 0.7%

NYSE KMB opened at $128.00 on Thursday. The business has a fifty day moving average price of $130.48 and a 200 day moving average price of $135.00. 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 has a market cap of $42.47 billion, a P/E ratio of 16.95, a P/E/G ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The business 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%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 earnings per share. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's payout ratio is currently 69.42%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group reduced their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler initiated coverage on Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price for the company. Finally, Barclays upped their target price on Kimberly-Clark from $134.00 to $139.00 and gave the company 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $142.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.