Marble Harbor Investment Counsel LLC Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Marble Harbor Investment Counsel LLC significantly reduced its stake in Kimberly-Clark by 71.3%, selling 5,900 shares to now hold a total of 2,374 shares valued at $338,000.
• Several other institutional investors increased their positions in Kimberly-Clark, with Allianz SE raising its holdings by 54.7% during the same quarter.
• Kimberly-Clark recently declared a quarterly dividend of $1.26 per share, translating to an annualized dividend of $5.04 and a yield of 3.9%.

Marble Harbor Investment Counsel LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 71.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,374 shares of the company's stock after selling 5,900 shares during the period. Marble Harbor Investment Counsel LLC's holdings in Kimberly-Clark were worth $338,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Allianz SE boosted its holdings in Kimberly-Clark by 54.7% in the 1st quarter. Allianz SE now owns 10,754 shares of the company's stock worth $1,529,000 after buying an additional 3,804 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Kimberly-Clark by 3.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 249,927 shares of the company's stock worth $35,545,000 after purchasing an additional 7,212 shares during the last quarter. Argent Trust Co boosted its holdings in shares of Kimberly-Clark by 2.7% during the 1st quarter. Argent Trust Co now owns 6,139 shares of the company's stock worth $873,000 after purchasing an additional 161 shares during the last quarter. Avalon Trust Co boosted its holdings in shares of Kimberly-Clark by 800.0% during the 1st quarter. Avalon Trust Co now owns 450 shares of the company's stock worth $64,000 after purchasing an additional 400 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Kimberly-Clark by 9.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 291,164 shares of the company's stock worth $41,355,000 after purchasing an additional 25,189 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KMB shares. Evercore ISI lowered their target price on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. UBS Group lowered their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $125.00 to $138.00 in a report on Monday. Finally, Barclays lifted their price target 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark Stock Performance

NYSE KMB traded down $0.72 during trading hours on Tuesday, hitting $132.43. The company had a trading volume of 585,814 shares, compared to its average volume of 2,315,322. 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 Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The company has a market cap of $43.94 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33. The business has a 50 day moving average of $131.40 and a 200-day moving average of $134.72.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its 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 in the previous year, the business earned $1.96 earnings per share. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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