Heartland Advisors Inc. Has $17.93 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Heartland Advisors Inc. has decreased its stake in Kimberly-Clark Co. by 20.8%, holding 126,086 shares valued at approximately $17.93 million, making it the firm's 18th largest holding.
• Kimberly-Clark recently reported earnings of $1.93 per share, beating expectations, with total revenues of $4.84 billion for the quarter.
• The company declared a quarterly dividend of $1.26 per share, representing an annualized yield of 3.95% and a payout ratio of 68.66%.

Heartland Advisors Inc. reduced its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 20.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,086 shares of the company's stock after selling 33,131 shares during the quarter. Kimberly-Clark comprises 1.0% of Heartland Advisors Inc.'s holdings, making the stock its 18th largest holding. Heartland Advisors Inc.'s holdings in Kimberly-Clark were worth $17,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. First Pacific Financial bought a new stake in Kimberly-Clark during the first quarter valued at $26,000. Minot DeBlois Advisors LLC purchased a new stake in Kimberly-Clark in the 4th quarter valued at about $29,000. Rossby Financial LCC purchased a new stake in Kimberly-Clark in the 1st quarter valued at about $37,000. Menard Financial Group LLC purchased a new stake in Kimberly-Clark in the 4th quarter valued at about $38,000. Finally, Whipplewood Advisors LLC increased its stake in Kimberly-Clark by 329.6% in the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company's stock valued at $47,000 after buying an additional 234 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Up 0.0%

KMB opened at $127.75 on Friday. The company has a 50 day moving average of $133.19 and a 200 day moving average of $134.52. The company has a market cap of $42.39 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm earned $2.01 EPS. On average, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Friday, June 6th. Kimberly-Clark's payout ratio is 68.66%.

Insider Buying and Selling

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total value of $234,547.56. Following the completion of the transaction, the insider directly owned 3,098 shares of the company's stock, valued at $405,032.52. This trade represents a 36.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KMB. UBS Group reduced their target price on shares of 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 shares of Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Evercore ISI reduced their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays reduced their target price on shares of Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $141.50.

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.

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.