Kimberly-Clark Co. (NYSE:KMB) Shares Sold by King Luther Capital Management Corp

Key Points

• King Luther Capital Management Corp has reduced its holdings in Kimberly-Clark Co. by 2.4%, selling 19,909 shares, and now owns 819,744 shares valued at approximately $116.58 million.
• Kimberly-Clark reported an earnings per share (EPS) of $1.92 for the last quarter, exceeding the consensus estimate of $1.67, although revenue fell by 1.6% year-over-year to $4.16 billion.
• The company announced a quarterly dividend of $1.26 per share, which will be paid on October 2nd, representing an annual yield of 3.7% and a payout ratio of 69.42%.

King Luther Capital Management Corp cut its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 2.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 819,744 shares of the company's stock after selling 19,909 shares during the period. King Luther Capital Management Corp owned approximately 0.25% of Kimberly-Clark worth $116,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Elevate Capital Advisors LLC increased its position in shares of Kimberly-Clark by 46.4% during the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after acquiring an additional 3,944 shares during the period. Citigroup Inc. lifted its holdings in shares of Kimberly-Clark by 86.8% in the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company's stock valued at $72,473,000 after purchasing an additional 236,733 shares during the last quarter. Unigestion Holding SA lifted its holdings in shares of Kimberly-Clark by 8.2% in the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock valued at $18,145,000 after purchasing an additional 9,643 shares during 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 during the last quarter. Finally, 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 during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded down $1.48 during trading on Thursday, reaching $133.33. 756,171 shares of the company's stock traded hands, compared to its average volume of 2,327,551. 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 company has a 50 day moving average of $130.47 and a 200-day moving average of $135.01. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The stock has a market capitalization of $44.24 billion, a P/E ratio of 17.67, a price-to-earnings-growth 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 (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the business posted $1.96 EPS. The business's revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research analyst reports. UBS Group cut their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Barclays raised their price target on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Royal Bank Of Canada cut their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of 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 assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and an average target price of $142.70.

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.