Empowered Funds LLC Cuts Holdings in Kimberly-Clark Co. $KMB

Key Points

• Empowered Funds LLC has reduced its stake in Kimberly-Clark Co. by 21.3%, now holding 37,990 shares worth approximately $5.4 million.
• Institutional investors and hedge funds collectively own 76.29% of Kimberly-Clark's stock, indicating strong institutional interest.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, with an annualized dividend yield of 3.9%.

Empowered Funds LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 21.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,990 shares of the company's stock after selling 10,297 shares during the quarter. Empowered Funds LLC's holdings in Kimberly-Clark were worth $5,403,000 as of its most recent SEC filing.

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

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded down $2.52 during trading on Monday, reaching $125.47. The company had a trading volume of 3,077,549 shares, compared to its average volume of 2,306,897. The firm has a market capitalization of $41.63 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm's 50-day simple moving average is $130.33 and its 200 day simple moving average is $134.51. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the previous year, the company posted $1.96 earnings per share. Kimberly-Clark's revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.0%. Kimberly-Clark's dividend payout ratio (DPR) is currently 69.42%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KMB. Barclays upped 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 note on Monday, August 4th. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler assumed coverage on Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 price target on the stock. Finally, UBS Group reduced their price target 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. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $142.70.

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.