KLP Kapitalforvaltning AS Cuts Holdings in Kimberly-Clark Co. $KMB

Key Points

• KLP Kapitalforvaltning AS reduced its stake in Kimberly-Clark Co. by 28.6%, selling 65,300 shares, leaving it with 162,668 shares valued at approximately $21.16 million.
• Kimberly-Clark recently declared a quarterly dividend of $1.26 per share, yielding 4.1%, with a dividend payout ratio currently at 69.42%.
• In the latest round of price target adjustments, several analysts lowered their targets for Kimberly-Clark, with an average target price now set at $139.78.

KLP Kapitalforvaltning AS lessened its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 28.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,668 shares of the company's stock after selling 65,300 shares during the period. KLP Kapitalforvaltning AS's holdings in Kimberly-Clark were worth $21,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. Brighton Jones LLC grew its stake in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after buying an additional 2,765 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Kimberly-Clark by 2.9% in the 1st quarter. UMB Bank n.a. now owns 13,110 shares of the company's stock valued at $1,865,000 after purchasing an additional 372 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Kimberly-Clark by 4.9% in the 1st quarter. Park Avenue Securities LLC now owns 14,466 shares of the company's stock valued at $2,057,000 after purchasing an additional 680 shares in the last quarter. Courier Capital LLC boosted its stake in shares of Kimberly-Clark by 1.1% in the 1st quarter. Courier Capital LLC now owns 15,362 shares of the company's stock valued at $2,185,000 after purchasing an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Kimberly-Clark by 71.8% in the 1st quarter. Farther Finance Advisors LLC now owns 12,920 shares of the company's stock valued at $1,848,000 after purchasing an additional 5,398 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Up 1.5%

Shares of NYSE KMB opened at $122.33 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $119.63 and a 12 month high of $150.45. The firm has a market capitalization of $40.59 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The firm has a fifty day simple moving average of $128.61 and a two-hundred day simple moving average of $132.44.

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

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 69.42%.

Analysts Set New Price Targets

KMB has been the subject of a number of research reports. Evercore ISI cut their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, September 22nd. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. UBS Group cut their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their price target for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Finally, Barclays dropped their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and an average price target of $139.78.

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.

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