Hudson Bay Capital Management LP Sells 72,143 Shares of Kimberly-Clark Corporation $KMB

Key Points

• Hudson Bay Capital Management LP cut its stake in Kimberly‑Clark by 76.6%, selling 72,143 shares in the quarter and now holding 22,068 shares valued at about $2.74 million.
• Kimberly‑Clark raised its quarterly dividend to $1.28 (annualized $5.12), a ~5.2% yield, with an ex‑dividend date of March 6 and payment on April 2.
• The company beat Q‑quarter EPS estimates ($1.86 vs. $1.81) despite revenue falling 0.6% year‑over‑year, and the stock carries a consensus analyst rating of Hold with an average target of $116.42.

Hudson Bay Capital Management LP decreased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 76.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,068 shares of the company's stock after selling 72,143 shares during the quarter. Hudson Bay Capital Management LP's holdings in Kimberly-Clark were worth $2,744,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. CTC Alternative Strategies Ltd. bought a new position in Kimberly-Clark in the 3rd quarter worth approximately $945,000. Saranac Partners Ltd bought a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $150,000. IFP Advisors Inc grew its stake in shares of Kimberly-Clark by 25.2% in the third quarter. IFP Advisors Inc now owns 12,037 shares of the company's stock worth $1,523,000 after acquiring an additional 2,423 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of Kimberly-Clark by 5.0% in the third quarter. Swiss Life Asset Management Ltd now owns 178,929 shares of the company's stock worth $22,248,000 after acquiring an additional 8,559 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Kimberly-Clark by 0.5% during the third quarter. CIBC Private Wealth Group LLC now owns 35,355 shares of the company's stock worth $4,396,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $98.25 on Friday. The business has a 50 day simple moving average of $103.45 and a 200 day simple moving average of $109.06. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The company has a market capitalization of $32.61 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 3.49 and a beta of 0.24. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $147.12.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The firm had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $4.11 billion. During the same period in the prior year, the business posted $1.50 earnings per share. The business's revenue was down .6% compared to the same quarter last year. On average, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $1.28 per share. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark's dividend payout ratio is 84.35%.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research reports. Piper Sandler reduced their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating for the company in a report on Friday, March 13th. Citigroup dropped their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a "sell" rating on the stock in a report on Wednesday, January 14th. TD Cowen reduced their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, January 8th. UBS Group lifted their target price on Kimberly-Clark from $107.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $116.42.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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