Kimberly-Clark Co. $KMB Stock Holdings Reduced by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P reduced its stake in Kimberly-Clark Co. by 5.1% during the first quarter, holding approximately $27.17 million worth of shares after the sale.
• Vanguard Group Inc. increased its ownership in Kimberly-Clark by 0.3%, now holding over 35 million shares valued at approximately $5 billion.
• Kimberly-Clark declared a quarterly dividend of $1.26 with a yield of 3.8%, to be paid on October 2nd to stockholders of record on September 5th.

Martingale Asset Management L P lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 191,005 shares of the company's stock after selling 10,203 shares during the quarter. Martingale Asset Management L P owned approximately 0.06% of Kimberly-Clark worth $27,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 1.9% during the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after buying an additional 74 shares during the period. Tudor Financial Inc. increased its holdings in Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after buying an additional 75 shares during the period. Park National Corp OH lifted its holdings in Kimberly-Clark by 2.6% in the first quarter. Park National Corp OH now owns 3,031 shares of the company's stock valued at $431,000 after acquiring an additional 77 shares during the period. Hoge Financial Services LLC boosted its holdings in Kimberly-Clark by 4.2% during the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after buying an additional 77 shares in the last quarter. Finally, Nwam LLC boosted its holdings in Kimberly-Clark by 1.2% during the first quarter. Nwam LLC now owns 6,386 shares of the company's stock worth $908,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KMB shares. UBS Group decreased their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Barclays lifted their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their target price for the company from $125.00 to $138.00 in a report on Monday, August 4th. Finally, Piper Sandler began coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 price target for the company. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average target price of $142.70.

Kimberly-Clark Stock Down 2.1%

Shares of KMB stock traded down $2.74 during mid-day trading on Monday, reaching $130.75. 1,676,713 shares of the company were exchanged, compared to its average volume of 2,311,947. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. 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 company has a market capitalization of $43.38 billion, a P/E ratio of 17.32, a P/E/G ratio of 4.46 and a beta of 0.33. The business's 50 day simple moving average is $130.43 and its 200 day simple moving average is $135.23.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating 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 previous year, the business posted $1.96 EPS. The company's quarterly revenue was down 1.6% on a year-over-year basis. Research analysts predict 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. Shareholders of record on Friday, September 5th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio is presently 69.42%.

About Kimberly-Clark

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.