OMERS ADMINISTRATION Corp Has $1.72 Million Stock Holdings in Kimberly-Clark Co. $KMB

Key Points

• OMERS Administration Corp has reduced its holdings in Kimberly-Clark Co. by 14.3%, selling 2,023 shares, resulting in ownership of 12,091 shares valued at approximately $1,720,000.
• Kimberly-Clark reported a quarterly earnings per share (EPS) of $1.92, exceeding analysts' expectations of $1.67, while revenue declined by 1.6% year over year to $4.16 billion.
• The company announced a quarterly dividend of $1.26 per share, representing an annualized yield of 3.9%, with a payout ratio currently at 69.42%.

OMERS ADMINISTRATION Corp lowered its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 14.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,091 shares of the company's stock after selling 2,023 shares during the period. OMERS ADMINISTRATION Corp's holdings in Kimberly-Clark were worth $1,720,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMB. First Pacific Financial bought a new position in Kimberly-Clark during the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC lifted its holdings in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after buying an additional 125 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in Kimberly-Clark during the 4th quarter worth approximately $29,000. Elequin Capital LP bought a new position in Kimberly-Clark during the 1st quarter worth approximately $36,000. Finally, Rossby Financial LCC acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

KMB stock traded up $0.95 during trading on Thursday, reaching $128.95. 1,118,337 shares of the company's stock were exchanged, compared to its average volume of 2,302,105. 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 company's fifty day moving average price is $130.48 and its 200-day moving average price is $135.00. The firm has a market cap of $42.78 billion, a PE ratio of 17.06, a P/E/G ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced 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. 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 during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The firm's quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal 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 dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 3.9%. Kimberly-Clark's dividend payout ratio (DPR) is 69.42%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. 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 set an "overweight" rating and a $144.00 price target on the stock. Finally, Barclays increased 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 investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.