Gotham Asset Management LLC Decreases Stock Holdings in Kimberly-Clark Co. $KMB

Key Points

• Gotham Asset Management LLC has reduced its shareholding in Kimberly-Clark Co. by 4.5%, now holding 144,220 shares valued at approximately $20.51 million.
• Kimberly-Clark reported earnings per share of $1.92 for the last quarter, exceeding estimates by $0.25, but its revenue fell short at $4.16 billion compared to expectations.
• The company has declared a $1.26 quarterly dividend, translating to an annual yield of 3.9%, with payment scheduled for October 2nd.

Gotham Asset Management LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,220 shares of the company's stock after selling 6,804 shares during the period. Gotham Asset Management LLC's holdings in Kimberly-Clark were worth $20,511,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays raised their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. UBS Group cut their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Piper Sandler began coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. Three investment 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Trading Up 0.9%

Shares of NYSE:KMB traded up $1.19 on Tuesday, reaching $130.97. 2,325,514 shares of the company traded hands, compared to its average volume of 2,310,893. The stock has a market capitalization of $43.45 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The business's 50-day simple moving average is $130.59 and its 200 day simple moving average is $134.81. 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 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 data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 earnings per share. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 3.8%. Kimberly-Clark's payout ratio is currently 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.