MetLife Investment Management LLC Has $13.09 Million Stake in Kimberly-Clark Co. $KMB

Key Points

• MetLife Investment Management LLC reduced its stake in Kimberly-Clark by 2.5%, selling 2,337 shares to hold 92,069 shares valued at approximately $13.09 million as of the latest filing.
• Analysts have mixed opinions on Kimberly-Clark, with JPMorgan upgrading it to a "neutral" rating and raising the price target to $138.00, while Barclays also increased its target to $139.00 amid a current average rating of "Hold."
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, translating to an annual yield of 3.9%, with the ex-dividend date set for September 5th.

MetLife Investment Management LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,069 shares of the company's stock after selling 2,337 shares during the period. MetLife Investment Management LLC's holdings in Kimberly-Clark were worth $13,094,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in Kimberly-Clark by 74.1% in 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 in the last quarter. Capital Analysts LLC lifted its stake in Kimberly-Clark by 62.1% in the 4th quarter. Capital Analysts LLC now owns 1,365 shares of the company's stock valued at $179,000 after purchasing an additional 523 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Kimberly-Clark by 2.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 380,171 shares of the company's stock worth $49,818,000 after buying an additional 7,651 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Kimberly-Clark by 12.6% in the 4th quarter. Northern Trust Corp now owns 3,974,239 shares of the company's stock valued at $520,784,000 after acquiring an additional 445,552 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in shares of Kimberly-Clark by 6.1% during the 4th quarter. Lido Advisors LLC now owns 21,044 shares of the company's stock valued at $2,783,000 after acquiring an additional 1,216 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group lowered their target price on 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 objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Piper Sandler assumed coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price target for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark Trading Up 0.3%

Shares of NYSE KMB traded up $0.42 during midday trading on Friday, reaching $129.14. The stock had a trading volume of 1,785,551 shares, compared to its average volume of 2,309,663. The firm has a market cap of $42.85 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month 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's 50 day moving average price is $130.53 and its 200 day moving average price is $135.11.

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

Kimberly-Clark Dividend Announcement

The company 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 $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.9%. Kimberly-Clark's payout ratio is 69.42%.

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.