Natixis Advisors LLC Reduces Holdings in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Natixis Advisors LLC reduced its stake in Kimberly-Clark Co. by 29.2%, selling 63,115 shares and holding 152,823 shares worth $21.73 million as of the latest SEC filing.
• Kimberly-Clark's quarterly earnings surpassed expectations, reporting $1.92 EPS, exceeding the consensus estimate of $1.67, with a revenue decline of 1.6% year-over-year.
• The company declared a quarterly dividend of $1.26 per share, representing an annualized dividend yield of 3.9% and a payout ratio of 68.66%.

Natixis Advisors LLC trimmed its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 29.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,823 shares of the company's stock after selling 63,115 shares during the period. Natixis Advisors LLC's holdings in Kimberly-Clark were worth $21,734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SageView Advisory Group LLC increased its stake in shares of Kimberly-Clark by 4.5% in the 4th quarter. SageView Advisory Group LLC now owns 1,706 shares of the company's stock worth $224,000 after acquiring an additional 74 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in shares of Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after acquiring an additional 74 shares in the last quarter. Tudor Financial Inc. increased its stake in shares of 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 acquiring an additional 75 shares in the last quarter. Park National Corp OH increased its stake in shares of Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after acquiring an additional 77 shares in the last quarter. Finally, Hoge Financial Services LLC increased its stake in shares of Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after acquiring an additional 77 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $130.64 on Friday. The company has a 50 day moving average price of $131.56 and a 200-day moving average price of $134.56. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The firm has a market capitalization of $43.35 billion, a PE ratio of 17.30, a P/E/G ratio of 4.46 and a beta of 0.35. 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 (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS 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 last year, the firm earned $1.96 earnings per share. Kimberly-Clark's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 dividend yield of 3.9%. Kimberly-Clark's payout ratio is 68.66%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays decreased their price target on shares of Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 15th. Royal Bank Of Canada reduced their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. UBS Group reduced 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. Wall Street Zen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Piper Sandler initiated coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average target price of $140.90.

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.

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