Ontario Teachers Pension Plan Board Has $2.40 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Ontario Teachers Pension Plan Board reduced its stake in Kimberly-Clark Co. by 35.5%, now holding 16,892 shares valued at $2.4 million.
• The company announced a quarterly dividend of $1.26 per share, resulting in an annual yield of 3.7%, with a payout ratio of 69.42%.
• Kimberly-Clark's stock performance includes a recent earnings report with $1.92 EPS, exceeding estimates by $0.25, despite a revenue decline of 1.6% year-over-year.

Ontario Teachers Pension Plan Board decreased its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 35.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,892 shares of the company's stock after selling 9,316 shares during the period. Ontario Teachers Pension Plan Board's holdings in Kimberly-Clark were worth $2,402,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Elevate Capital Advisors LLC lifted its holdings in shares of Kimberly-Clark by 46.4% in the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after purchasing an additional 3,944 shares during the last quarter. Unigestion Holding SA raised its stake in Kimberly-Clark by 8.2% during the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock valued at $18,145,000 after acquiring an additional 9,643 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after acquiring an additional 718,720 shares in the last quarter. Farmers Trust Co. raised its stake in Kimberly-Clark by 108.6% during the 1st quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock valued at $6,412,000 after acquiring an additional 23,472 shares in the last quarter. Finally, United Community Bank raised its stake in Kimberly-Clark by 340.0% during the 1st quarter. United Community Bank now owns 18,518 shares of the company's stock valued at $2,634,000 after acquiring an additional 14,309 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on KMB shares. Barclays lifted their target price 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. Royal Bank Of Canada cut their target price on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Evercore ISI dropped 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 initiated coverage on Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective on the stock. Finally, Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Stock Down 1.1%

KMB traded down $1.49 during trading on Tuesday, reaching $132.66. 1,559,627 shares of the stock traded hands, compared to its average volume of 2,330,245. The stock has a market cap of $44.02 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock's 50-day simple moving average is $130.66 and its two-hundred day simple moving average is $135.02.

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. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The business'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 Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.8%. Kimberly-Clark's payout ratio is currently 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.