Kimberly-Clark Co. (NYSE:KMB) Position Lowered by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC reduced its holdings in Kimberly-Clark Co. by 16%, owning 26,558 shares valued at approximately $3.78 million after selling 5,049 shares in the first quarter.
• Kimberly-Clark reported earnings per share (EPS) of $1.92 for the recent quarter, exceeding estimates by $0.25, despite a year-over-year revenue decline of 1.6% to $4.16 billion.
• The company announced a quarterly dividend of $1.26, representing an annualized yield of 3.7%, with a payout ratio of 69.42%.

Mizuho Securities USA LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 16.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 26,558 shares of the company's stock after selling 5,049 shares during the period. Mizuho Securities USA LLC's holdings in Kimberly-Clark were worth $3,777,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First Pacific Financial acquired a new position in Kimberly-Clark in the 1st quarter valued at $26,000. Minot DeBlois Advisors LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at $29,000. Rossby Financial LCC acquired a new position in Kimberly-Clark in the 1st quarter valued at $37,000. AlphaCore Capital LLC acquired a new position in Kimberly-Clark in the 1st quarter valued at $37,000. Finally, Menard Financial Group LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at $38,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 1.1%

Kimberly-Clark stock traded down $1.42 during trading on Thursday, reaching $133.39. 1,516,735 shares of the company's stock were exchanged, compared to its average volume of 2,329,938. The company's 50-day moving average is $130.47 and its two-hundred day moving average is $135.01. 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 52-week low of $124.10 and a 52-week high of $150.45. The firm has a market cap of $44.26 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 4.46 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm's revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.96 EPS. On average, analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio is presently 69.42%.

Analyst Ratings Changes

KMB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Piper Sandler initiated coverage on Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective for the company. Evercore ISI dropped their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Royal Bank Of Canada dropped their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $142.70.

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.