New Age Alpha Advisors LLC Sells 2,111 Shares of Kimberly-Clark Co. (NYSE:KMB)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Kimberly-Clark Co. by 21.6%, selling 2,111 shares during the first quarter, bringing their total holdings to 7,659 shares valued at approximately $1,089,000.
• Kimberly-Clark reported $1.92 EPS for the last quarter, exceeding analysts' expectations of $1.67, but its revenue fell by 1.6% year-over-year to $4.16 billion.
• The company declared a quarterly dividend of $1.26 per share, representing an annualized dividend yield of 3.7%, with a payout ratio of 69.42%.

New Age Alpha Advisors LLC reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 21.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,659 shares of the company's stock after selling 2,111 shares during the quarter. New Age Alpha Advisors LLC's holdings in Kimberly-Clark were worth $1,089,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions 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 Kimberly-Clark during the 4th quarter valued at $29,000. Rossby Financial LCC acquired a new stake in Kimberly-Clark during the 1st quarter valued at $37,000. Menard Financial Group LLC acquired a new stake in Kimberly-Clark during the 4th quarter valued at $38,000. Finally, Clearstead Trust LLC lifted its holdings in Kimberly-Clark by 737.1% during the 1st quarter. Clearstead Trust LLC now owns 293 shares of the company's stock valued at $42,000 after purchasing an additional 258 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Up 0.1%

Shares of NYSE KMB opened at $136.77 on Friday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The stock has a market capitalization of $45.38 billion, a P/E ratio of 18.12, a PEG ratio of 4.46 and a beta of 0.33. The stock's fifty day moving average is $131.10 and its 200 day moving average is $134.73.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued 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 return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter last year, the business earned $1.96 earnings per share. Kimberly-Clark's revenue was down 1.6% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 3.7%. Kimberly-Clark's dividend payout ratio (DPR) is presently 69.42%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Barclays raised their price target on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday. Evercore ISI lowered their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. UBS Group lowered their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. 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 objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $142.70.

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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