Headlands Technologies LLC Cuts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Headlands Technologies LLC significantly reduced its stake in Kimberly-Clark Co. by 94.6%, holding only 348 shares after selling 6,081 shares in the first quarter.
• Kimberly-Clark reported a quarterly earnings per share (EPS) of $1.92, exceeding analyst expectations, but revenue was down 1.6% compared to last year at $4.16 billion.
• The company announced a quarterly dividend of $1.26 per share, providing an annual yield of 3.8%, with a payout ratio of 69.42%.

Headlands Technologies LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 94.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 348 shares of the company's stock after selling 6,081 shares during the period. Headlands Technologies LLC's holdings in Kimberly-Clark were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its holdings in shares of Kimberly-Clark by 33.5% in the first quarter. Chicago Partners Investment Group LLC now owns 8,434 shares of the company's stock valued at $1,127,000 after purchasing an additional 2,116 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kimberly-Clark by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company's stock valued at $1,601,968,000 after purchasing an additional 674,046 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new position in shares of Kimberly-Clark in the 1st quarter worth $5,641,000. Citizens Financial Group Inc. RI increased its holdings in shares of Kimberly-Clark by 47.2% in the 1st quarter. Citizens Financial Group Inc. RI now owns 3,336 shares of the company's stock worth $477,000 after buying an additional 1,069 shares during the last quarter. Finally, Hemington Wealth Management raised its position in shares of Kimberly-Clark by 46.0% during the 1st quarter. Hemington Wealth Management now owns 289 shares of the company's stock valued at $41,000 after buying an additional 91 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on KMB. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. UBS Group decreased their price target on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Royal Bank Of Canada dropped their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Barclays boosted their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Trading Down 1.1%

KMB stock traded down $1.42 during midday trading on Thursday, reaching $133.39. The company's stock had a trading volume of 1,527,333 shares, compared to its average volume of 2,332,728. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The firm has a market capitalization of $44.26 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 4.46 and a beta of 0.33. The stock has a fifty day simple moving average of $130.43 and a two-hundred day simple moving average of $135.02. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the firm posted $1.96 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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 paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 3.8%. Kimberly-Clark's dividend payout ratio is 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.