Kimberly-Clark Co. (NYSE:KMB) Position Reduced by Assetmark Inc.

Key Points

• Assetmark Inc. significantly reduced its stake in Kimberly-Clark Co. by 78.1%, owning only 3,424 shares worth approximately $487,000 after selling 12,182 shares in the first quarter.
• Analysts have varied opinions on Kimberly-Clark's stock, with two sell ratings, six hold ratings, and three buy ratings, and a consensus target price of $140.90.
• Kimberly-Clark announced a quarterly dividend of $1.26, which will be paid to stockholders on October 2nd, reflecting an annualized yield of 3.9%.

Assetmark Inc. cut its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 78.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,424 shares of the company's stock after selling 12,182 shares during the quarter. Assetmark Inc.'s holdings in Kimberly-Clark were worth $487,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. First Pacific Financial acquired a new stake in shares of Kimberly-Clark during the first quarter worth approximately $26,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $29,000. Rossby Financial LCC acquired a new stake in shares of Kimberly-Clark during the first quarter worth approximately $37,000. Menard Financial Group LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $38,000. Finally, Whipplewood Advisors LLC boosted its holdings in shares of Kimberly-Clark by 329.6% during the first quarter. Whipplewood Advisors LLC now owns 305 shares of the company's stock worth $47,000 after purchasing an additional 234 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Piper Sandler initiated coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 price target for the company. Barclays cut their price objective on shares of Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $126.00 to $125.00 and set an "underweight" rating on the stock in a research report on Friday, July 25th. Finally, Evercore ISI cut their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $140.90.

Kimberly-Clark Trading Up 4.8%

NYSE:KMB opened at $130.64 on Friday. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The firm has a market cap of $43.35 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 4.46 and a beta of 0.35. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company's 50 day moving average is $131.56 and its 200-day moving average is $134.56.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 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%. During the same period last year, the business earned $1.96 EPS. The business's revenue was down 1.6% on a year-over-year basis. Equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current 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 paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.9%. Kimberly-Clark's payout ratio is 68.66%.

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.

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