Kimberly-Clark Corporation $KMB Shares Sold by Swiss National Bank

Key Points

• Swiss National Bank trimmed its Kimberly‑Clark stake by 4.7%, selling 47,400 shares and leaving it with 956,500 shares (about 0.29% of the company) valued at roughly $118.93 million as of the Q3 13F filing.
• Kimberly‑Clark raised its quarterly dividend to $1.28 from $1.26 (annualized $5.12), implying a ~5.0% yield; the ex-dividend date is March 6 and the payment date is April 2.
• The company slightly beat EPS estimates ($1.86 vs. $1.81) but missed revenue expectations, and the stock trades around $101.71 with a market cap of $33.8B, a P/E of ~16.8, and a consensus analyst rating of "Hold" (average target $119).

Swiss National Bank reduced its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 956,500 shares of the company's stock after selling 47,400 shares during the quarter. Swiss National Bank owned about 0.29% of Kimberly-Clark worth $118,931,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new stake in Kimberly-Clark in the 3rd quarter valued at about $25,000. True Wealth Design LLC raised its holdings in shares of Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company's stock valued at $26,000 after buying an additional 135 shares during the last quarter. Winnow Wealth LLC acquired a new position in shares of Kimberly-Clark during the second quarter worth approximately $27,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the 2nd quarter worth approximately $27,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in Kimberly-Clark by 105.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company's stock valued at $32,000 after acquiring an additional 127 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is owned by company insiders.

Kimberly-Clark Trading Down 1.1%

Shares of NASDAQ:KMB opened at $101.71 on Wednesday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The stock has a market capitalization of $33.76 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 3.66 and a beta of 0.24. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $147.31. The company has a 50 day moving average price of $103.45 and a 200 day moving average price of $110.63.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.05. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. On average, research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a $1.28 dividend. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.0%. Kimberly-Clark's dividend payout ratio is 84.35%.

Analyst Upgrades and Downgrades

KMB has been the subject of several recent analyst reports. BNP Paribas Exane reissued a "neutral" rating and issued a $110.00 price target on shares of Kimberly-Clark in a research note on Monday, December 1st. Weiss Ratings reiterated a "hold (c-)" rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Argus upgraded shares of Kimberly-Clark from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a research report on Thursday, November 13th. UBS Group upped their price target on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 28th. Finally, Zacks Research cut shares of Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $119.00.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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