Deutsche Bank AG Decreases Holdings in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Deutsche Bank AG reduced its stake in Kimberly-Clark Co. by 11.6%, now owning approximately 0.43% of the company, valued at $203.16 million.
• Kimberly-Clark reported $1.92 earnings per share for the most recent quarter, exceeding estimates, despite a 1.6% year-over-year decline in revenue.
• The company announced a quarterly dividend of $1.26 to be paid on October 2, representing an annual yield of 3.7%.

Deutsche Bank AG lessened its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,428,499 shares of the company's stock after selling 186,582 shares during the period. Deutsche Bank AG owned 0.43% of Kimberly-Clark worth $203,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMB. GAMMA Investing LLC raised 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 worth $270,510,000 after buying an additional 1,884,877 shares in the last quarter. Pacer Advisors Inc. raised its position in Kimberly-Clark by 2,982.8% during the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after purchasing an additional 1,339,413 shares in the last quarter. First Trust Advisors LP raised its position in Kimberly-Clark by 163.1% during the fourth quarter. First Trust Advisors LP now owns 2,142,749 shares of the company's stock valued at $280,786,000 after purchasing an additional 1,328,341 shares in the last quarter. Trinity Financial Advisors LLC purchased a new stake in Kimberly-Clark during the first quarter valued at about $181,762,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its position in Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KMB. Royal Bank Of Canada lowered their price target on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Barclays raised their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Evercore ISI reduced their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler assumed coverage on Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective on the stock. Finally, Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Trading Up 0.8%

Shares of NYSE KMB traded up $1.04 during trading hours on Wednesday, hitting $134.68. The company's stock had a trading volume of 744,406 shares, compared to its average volume of 2,330,390. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a market cap of $44.68 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 4.46 and a beta of 0.33. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The business has a 50-day simple moving average of $130.54 and a 200-day simple moving average of $135.01.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating 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 business had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.85 billion. During the same period in the previous year, the firm posted $1.96 EPS. The business's revenue was down 1.6% on a year-over-year basis. On average, analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed 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. This represents a $5.04 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's payout ratio is presently 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.