Nissay Asset Management Corp Japan ADV Sells 17,514 Shares of Kimberly-Clark Co. $KMB

Key Points

• Nissay Asset Management Corp Japan ADV reduced its holdings in Kimberly-Clark by 23.3%, selling 17,514 shares, leaving it with 57,506 shares valued at approximately $8.18 million.
• Multiple large investors significantly increased their positions in Kimberly-Clark during the first quarter, with GAMMA Investing LLC boosting its stake by an astonishing 10,975.8%.
• Kimberly-Clark recently reported quarterly earnings of $1.92 per share, exceeding expectations, although its revenue of $4.16 billion fell short of analyst estimates of $4.85 billion.

Nissay Asset Management Corp Japan ADV trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 23.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,506 shares of the company's stock after selling 17,514 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Kimberly-Clark were worth $8,179,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KMB. GAMMA Investing LLC boosted its position in Kimberly-Clark by 10,975.8% during the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock valued at $270,510,000 after acquiring an additional 1,884,877 shares in the last quarter. Pacer Advisors Inc. boosted its position in Kimberly-Clark by 2,982.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after acquiring an additional 1,339,413 shares in the last quarter. Trinity Financial Advisors LLC bought a new stake in Kimberly-Clark during the 1st quarter valued at approximately $181,762,000. Nuveen LLC bought a new stake in Kimberly-Clark during the 1st quarter valued at approximately $106,458,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after acquiring an additional 718,720 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $129.89 on Friday. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The firm has a market cap of $43.09 billion, a P/E ratio of 17.20, a PEG ratio of 4.46 and a beta of 0.32. The company has a 50 day moving average of $130.57 and a 200 day moving average of $134.92. 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 data on Friday, August 1st. The company reported $1.92 earnings per share 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%. The company 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 earned $1.96 EPS. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company 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 yield of 3.9%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's payout ratio is presently 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.

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