FORA Capital LLC Sells 8,521 Shares of Kimberly-Clark Co. $KMB

Key Points

• FORA Capital LLC has reduced its holdings in Kimberly-Clark Co. by 49% in the first quarter, now owning 8,870 shares worth approximately $1.26 million.
• Kimberly-Clark reported an EPS of $1.92 for the latest quarter, surpassing analysts' expectations of $1.67, but experienced a 1.6% decline in revenue year-over-year.
• The company recently declared a quarterly dividend of $1.26 per share, providing a yield of 3.9%, with a payout ratio of 69.42%.

FORA Capital LLC cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 49.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,870 shares of the company's stock after selling 8,521 shares during the quarter. FORA Capital LLC's holdings in Kimberly-Clark were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of KMB. NCM Capital Management LLC lifted its holdings in Kimberly-Clark by 4.9% in the 1st quarter. NCM Capital Management LLC now owns 2,135 shares of the company's stock worth $304,000 after buying an additional 100 shares during the period. Apexium Financial LP increased its position in Kimberly-Clark by 33.3% during the 1st quarter. Apexium Financial LP now owns 12,334 shares of the company's stock valued at $1,770,000 after buying an additional 3,081 shares in the last quarter. Freedom Investment Management Inc. bought a new stake in shares of Kimberly-Clark in the 1st quarter worth $300,000. ICONIQ Capital LLC increased its holdings in shares of Kimberly-Clark by 7.8% in the 1st quarter. ICONIQ Capital LLC now owns 2,296 shares of the company's stock worth $327,000 after purchasing an additional 167 shares in the last quarter. Finally, Jump Financial LLC increased its holdings in shares of Kimberly-Clark by 1,340.4% in the 1st quarter. Jump Financial LLC now owns 43,587 shares of the company's stock worth $6,199,000 after purchasing an additional 40,561 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Shares of NYSE:KMB traded up $0.42 during mid-day trading on Friday, reaching $129.14. The stock had a trading volume of 1,785,551 shares, compared to its average volume of 2,309,663. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market cap of $42.85 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The business's 50 day moving average price is $130.53 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, topping analysts' consensus estimates of $1.67 by $0.25. The company 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 firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.96 earnings per share. Research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's payout ratio is presently 69.42%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group cut their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Barclays lifted their target price on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Piper Sandler started coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their target price for the company 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 assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $142.70.

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.