Federation des caisses Desjardins du Quebec Has $4.35 Million Holdings in Kimberly-Clark Co. $KMB

Key Points

• The Federation des caisses Desjardins du Quebec decreased its stake in Kimberly-Clark Co. by 53.8%, now holding 30,548 shares valued at approximately $4.35 million.
• Kimberly-Clark reported an EPS of $1.92 for the most recent quarter, exceeding analyst estimates, but revenue declined by 1.6% year-over-year to $4.16 billion.
• The company announced a quarterly dividend of $1.26 per share, representing an annual yield of 3.9%, with a payout ratio of 69.42%.

Federation des caisses Desjardins du Quebec cut its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 53.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 30,548 shares of the company's stock after selling 35,503 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Kimberly-Clark were worth $4,345,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Cornerstone Wealth Management LLC increased its position in shares of Kimberly-Clark by 1.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock valued at $577,000 after purchasing an additional 74 shares during the period. Tudor Financial Inc. grew its holdings in shares of Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after acquiring an additional 75 shares during the last quarter. Park National Corp OH grew its holdings in shares of Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after acquiring an additional 77 shares during the last quarter. Hoge Financial Services LLC grew its holdings in shares of Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after acquiring an additional 77 shares during the last quarter. Finally, Nwam LLC grew its holdings in shares of Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company's stock worth $908,000 after acquiring an additional 77 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMB. UBS Group decreased their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Piper Sandler began coverage on Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price for the company. Barclays raised their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark Stock Down 1.6%

KMB traded down $2.06 during trading on Wednesday, reaching $128.91. 398,765 shares of the stock traded hands, compared to its average volume of 2,299,403. The stock has a market cap of $42.77 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week 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 stock's 50-day simple moving average is $130.57 and its two-hundred day simple moving average is $134.79.

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

Kimberly-Clark Announces Dividend

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 of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 3.9%. Kimberly-Clark's dividend payout ratio (DPR) is presently 69.42%.

Kimberly-Clark Company 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.