Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Increased by National Bank of Canada FI

Key Points

• National Bank of Canada FI increased its stake in Kimberly-Clark Co. by 31.7% during the first quarter, now owning approximately 393,111 shares valued at around $55.9 million.
• Kimberly-Clark reported an EPS of $1.92 for the last quarter, exceeding analyst expectations, while revenue was down 1.6% year-over-year at $4.16 billion.
• The company announced a quarterly dividend of $1.26 per share, indicating a 3.7% yield, with a payout ratio of approximately 69.42%.

National Bank of Canada FI raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 31.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 393,111 shares of the company's stock after acquiring an additional 94,668 shares during the period. National Bank of Canada FI owned approximately 0.12% of Kimberly-Clark worth $55,903,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KMB. First Pacific Financial acquired a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $26,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $29,000. AlphaCore Capital LLC purchased a new position in Kimberly-Clark in the 1st quarter valued at approximately $37,000. Rossby Financial LCC purchased a new position in Kimberly-Clark in the 1st quarter valued at approximately $37,000. Finally, Menard Financial Group LLC purchased a new position in Kimberly-Clark in the 4th quarter valued at approximately $38,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on KMB. Barclays raised 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. UBS Group dropped their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Evercore ISI dropped their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Finally, Piper Sandler began coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Trading Down 1.5%

Shares of NYSE:KMB traded down $2.01 during midday trading on Monday, reaching $134.15. The company's stock had a trading volume of 2,544,689 shares, compared to its average volume of 2,335,643. The firm has a market cap of $44.51 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The business has a 50 day moving average price of $130.66 and a 200 day moving average price of $135.02.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. The business's revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's payout ratio is currently 69.42%.

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.