Hsbc Holdings PLC Trims Holdings in Kimberly-Clark Co. $KMB

Key Points

• Hsbc Holdings PLC has reduced its holdings in Kimberly-Clark Co. by 10.7%, now owning 1,192,863 shares valued at approximately $169.5 million.
• Kimberly-Clark has announced a quarterly dividend of $1.26, with a yield of 3.8%, scheduled to be paid on October 2nd.
• Analyst ratings for Kimberly-Clark are mixed, with three analysts$142.70.

Hsbc Holdings PLC reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,192,863 shares of the company's stock after selling 142,322 shares during the quarter. Hsbc Holdings PLC owned 0.36% of Kimberly-Clark worth $169,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Pacific Financial bought a new position in Kimberly-Clark during the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC lifted its holdings in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after buying an additional 125 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in Kimberly-Clark during the 4th quarter worth approximately $29,000. Elequin Capital LP bought a new position in Kimberly-Clark during the 1st quarter worth approximately $36,000. Finally, Rossby Financial LCC bought a new position in Kimberly-Clark during the 1st quarter worth approximately $37,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KMB has been the topic of a number of research analyst reports. Barclays increased their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $125.00 to $138.00 in a report on Monday, August 4th. UBS Group cut their price target on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, Piper Sandler began coverage on Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and an average target price of $142.70.

Kimberly-Clark Stock Up 1.2%

KMB opened at $132.95 on Wednesday. Kimberly-Clark Co. has a 12 month low of $124.10 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 stock has a market cap of $44.11 billion, a P/E ratio of 17.61, a P/E/G ratio of 4.46 and a beta of 0.33. The stock's 50 day moving average price is $130.39 and its 200 day moving average price is $135.11.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $1.92 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 firm had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.85 billion. During the same period last year, the firm earned $1.96 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is currently 69.42%.

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.

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