Kimberly-Clark Co. $KMB Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in Kimberly-Clark Co. by 55.4% in Q2, now holding 32,049 shares valued at $4.1 million.
• Multiple analysts have recently upgraded their ratings for Kimberly-Clark, with JPMorgan raising its target price from $125 to $138.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, reflecting a 4.1% yield, to be paid on October 2nd.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 55.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,049 shares of the company's stock after selling 39,776 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Kimberly-Clark were worth $4,133,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Kimberly-Clark by 10,975.8% in the first quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock valued at $270,510,000 after purchasing an additional 1,884,877 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Kimberly-Clark by 2,982.8% in the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after acquiring an additional 1,339,413 shares in the last quarter. Trinity Financial Advisors LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at $181,762,000. Nuveen LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at $106,458,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after acquiring an additional 718,720 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KMB shares. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their target price for the company from $125.00 to $138.00 in a report on Monday, August 4th. 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. Piper Sandler initiated coverage on Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective on the stock. Evercore ISI lowered their price objective on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday. Finally, UBS Group lowered their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $142.20.

Kimberly-Clark Trading Up 0.1%

Shares of Kimberly-Clark stock opened at $123.93 on Thursday. 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 Co. has a 1 year low of $122.58 and a 1 year high of $150.45. The company has a market capitalization of $41.12 billion, a P/E ratio of 16.41, a P/E/G ratio of 4.46 and a beta of 0.32. The business has a 50 day moving average price of $129.54 and a 200 day moving average price of $133.63.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the firm posted $1.96 EPS. The company's quarterly revenue was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's payout ratio is presently 69.42%.

Kimberly-Clark 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.

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