Kayne Anderson Rudnick Investment Management LLC Has $8.82 Million Stake in Kimberly-Clark Co. $KMB

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its holdings in Kimberly-Clark by 3.7%, now owning 61,979 shares worth approximately $8.81 million.
• Wall Street analysts have shown a generally positive outlook, with multiple firms adjusting their price targets for Kimberly-Clark, resulting in a consensus rating of "Hold" and an average target price of $142.70.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, yielding 3.9%, to be paid on October 2nd, with an ex-dividend date of September 5th.

Kayne Anderson Rudnick Investment Management LLC decreased its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,979 shares of the company's stock after selling 2,370 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Kimberly-Clark were worth $8,815,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. First Pacific Financial purchased a new stake in shares of Kimberly-Clark in the first quarter valued at 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 purchased a new stake in Kimberly-Clark during the 4th quarter worth about $29,000. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark during the first quarter worth about $36,000. Finally, Rossby Financial LCC acquired a new position in Kimberly-Clark in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analysts Set New Price Targets

KMB has been the topic of a number of analyst reports. Barclays lifted their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. UBS Group dropped their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Finally, Piper Sandler assumed coverage on Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective for the company. Three 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. According to MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Stock Up 0.3%

NYSE:KMB traded up $0.42 during trading hours on Friday, reaching $129.14. The company's stock had a trading volume of 1,785,551 shares, compared to its average volume of 2,309,663. The company has a market cap of $42.85 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The business's 50-day moving average is $130.53 and its 200-day moving average is $135.11. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The business's quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a $1.26 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.9%. 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.