Pacer Advisors Inc. Reduces Stock Position in Kimberly-Clark Corporation $KMB

Key Points

• Pacer Advisors cut its Kimberly-Clark stake by 23.7% in the first quarter, selling 9,879 shares and retaining 31,832 shares valued at approximately $3.07 million. Institutional investors collectively own 76.29% of the company.
• Kimberly-Clark’s latest quarterly results fell short of expectations, with earnings of $1.80 per share versus a $2.01 estimate and revenue of $4.19 billion versus $4.22 billion expected. Revenue still increased 0.6% year over year.
• The company declared a quarterly dividend of $1.28 per share, equating to an annualized $5.12 payout and a 4.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $117.93.

Pacer Advisors Inc. reduced its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 23.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,832 shares of the company's stock after selling 9,879 shares during the quarter. Pacer Advisors Inc.'s holdings in Kimberly-Clark were worth $3,071,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Shariaportfolio Inc. bought a new stake in shares of Kimberly-Clark in the first quarter worth $248,000. FAS Wealth Partners Inc. boosted its stake in Kimberly-Clark by 13.0% during the 1st quarter. FAS Wealth Partners Inc. now owns 2,579 shares of the company's stock valued at $249,000 after acquiring an additional 296 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in Kimberly-Clark by 123.3% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 32,350 shares of the company's stock valued at $3,123,000 after acquiring an additional 17,866 shares during the last quarter. Parallel Advisors LLC grew its holdings in Kimberly-Clark by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 5,028 shares of the company's stock worth $485,000 after acquiring an additional 2,037 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Kimberly-Clark by 916.3% in the 1st quarter. NewEdge Advisors LLC now owns 575,164 shares of the company's stock worth $55,486,000 after purchasing an additional 518,571 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $108.66 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The firm's 50-day moving average price is $106.60 and its two-hundred day moving average price is $102.79. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $137.46. The stock has a market capitalization of $36.14 billion, a P/E ratio of 18.48, a P/E/G ratio of 4.87 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company posted $1.92 earnings per share. As a group, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's dividend payout ratio is presently 87.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KMB shares. Bank of America cut their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, April 10th. Freedom Capital raised Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Weiss Ratings upgraded Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Barclays increased their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Finally, Seaport Research Partners upgraded Kimberly-Clark to a "buy" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $117.93.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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