Mackenzie Financial Corp Has $11.44 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Mackenzie Financial Corp has reduced its stake in Kimberly-Clark Co. by 7.3%, now holding shares worth $11.44 million.
• Institutional investors own 76.29% of Kimberly-Clark's stock, indicating strong institutional interest in the company.
• Analysts have varied opinions on Kimberly-Clark, with recent ratings ranging from "overweight" to "hold," reflecting a mixed outlook for the stock's performance.

Mackenzie Financial Corp decreased its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,469 shares of the company's stock after selling 6,312 shares during the period. Mackenzie Financial Corp's holdings in Kimberly-Clark were worth $11,444,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. Brighton Jones LLC lifted its stake in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after purchasing an additional 2,765 shares during the last quarter. Wellington Management Group LLP lifted its stake in Kimberly-Clark by 36.5% during the fourth quarter. Wellington Management Group LLP now owns 28,884 shares of the company's stock valued at $3,785,000 after purchasing an additional 7,729 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Kimberly-Clark by 8.5% during the fourth quarter. Alliancebernstein L.P. now owns 430,724 shares of the company's stock valued at $56,442,000 after purchasing an additional 33,772 shares during the last quarter. Summit Financial LLC lifted its stake in Kimberly-Clark by 25.6% during the fourth quarter. Summit Financial LLC now owns 6,286 shares of the company's stock valued at $831,000 after purchasing an additional 1,282 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Kimberly-Clark by 14.1% during the fourth quarter. Franklin Resources Inc. now owns 477,063 shares of the company's stock valued at $62,514,000 after purchasing an additional 58,793 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded up $6.02 during trading on Friday, reaching $130.64. The company had a trading volume of 5,386,649 shares, compared to its average volume of 2,321,086. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The stock has a market cap of $43.35 billion, a PE ratio of 17.30, a PEG ratio of 4.46 and a beta of 0.35. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The business's 50 day moving average price is $131.56 and its 200-day moving average price is $134.62.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its 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 net margin of 12.69% and a return on equity of 201.43%. During the same period in the prior year, the firm earned $1.96 earnings per share. The business's revenue was down 1.6% on a year-over-year basis. 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 will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.9%. Kimberly-Clark's dividend payout ratio is 68.66%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $126.00 to $125.00 and set an "underweight" rating for the company in a research report on Friday, July 25th. Piper Sandler initiated coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target for the company. Evercore ISI cut their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, UBS Group cut their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $140.90.

Kimberly-Clark Company 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.