Kimberly-Clark Corporation $KMB Stake Cut by Beutel Goodman & Co Ltd.

Key Points

• Beutel Goodman cut its Kimberly-Clark stake by 99.8% in the third quarter, selling 1,300,597 shares and retaining 3,050 shares worth about $297,000.
• Analyst sentiment is mixed but leans neutral: the stock has a consensus Hold rating and an average price target of $113.20.
• Kimberly-Clark reported quarterly earnings of $1.70 per share, beating the $1.65 estimate; revenue was $4.13 billion, in line with expectations but down 1.2% year over year.

Beutel Goodman & Co Ltd. cut its stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 99.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,050 shares of the company's stock after selling 1,300,597 shares during the quarter. Beutel Goodman & Co Ltd.'s holdings in Kimberly-Clark were worth $297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fulcrum Asset Management LLP raised its stake in shares of Kimberly-Clark by 9,058.3% in the 3rd quarter. Fulcrum Asset Management LLP now owns 3,297 shares of the company's stock valued at $326,000 after acquiring an additional 3,261 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Kimberly-Clark by 5.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,516 shares of the company's stock worth $1,747,000 after acquiring an additional 996 shares in the last quarter. StoneRidge PMG Advisors LLC acquired a new position in Kimberly-Clark during the 3rd quarter worth about $470,000. Bryn Mawr Trust Advisors LLC boosted its holdings in Kimberly-Clark by 26.3% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 2,605 shares of the company's stock valued at $254,000 after acquiring an additional 543 shares during the period. Finally, RHL Group LLC purchased a new position in Kimberly-Clark during the 3rd quarter valued at about $45,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KMB shares. Piper Sandler lifted their price objective on Kimberly-Clark from $118.00 to $137.00 and gave the company an "overweight" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $106.00 to $112.00 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. UBS Group upped their target price on shares of Kimberly-Clark from $106.00 to $113.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 28th. Rothschild & Co Redburn reduced their target price on shares of Kimberly-Clark from $138.00 to $129.00 and set a "buy" rating on the stock in a report on Friday, October 9th. Finally, Canaccord Genuity Group began coverage on shares of Kimberly-Clark in a research note on Friday, October 23rd. They issued a "hold" rating and a $105.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $113.20.

Kimberly-Clark Trading Up 3.2%

NASDAQ KMB opened at $111.93 on Tuesday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The firm's fifty day moving average price is $102.63 and its 200 day moving average price is $103.29. The company has a market capitalization of $37.23 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 6.28 and a beta of 0.25. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $116.82.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period last year, the business earned $1.82 EPS. Kimberly-Clark's revenue for the quarter was down 1.2% compared to the same quarter last year. On average, sell-side analysts expect that Kimberly-Clark Corporation will post 7.38 earnings per share for the current fiscal year.

Key Kimberly-Clark News

Here are the key news stories impacting Kimberly-Clark this week:

• Positive Sentiment: Bank of America Securities reportedly initiated a Buy rating, while Seeking Alpha highlighted an upgrade and argued short-term concerns could create a buying opportunity. Bank of America Securities rating Seeking Alpha article
• Neutral Sentiment: BNP Paribas Exane raised its target from $110 to $112 and kept a Neutral rating; Barclays raised its target from $106 to $112 and maintained Equal Weight. Both targets imply little upside from the cited share price. BNP Paribas Exane ratings Barclays ratings
• Negative Sentiment: Reports say the Kenvue deal has closed, but organic sales slipped 1.3%. The acquisition’s debt burden may also pressure the balance sheet and Kimberly-Clark’s long-running dividend increases; one report notes last year’s cash flow barely covered the payout. Kenvue deal and organic sales article Dividend and deal risk article

Kimberly-Clark Company Profile

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