Robeco Institutional Asset Management B.V. Cuts Position in Kimberly-Clark Co. $KMB

Key Points

• Robeco Institutional Asset Management B.V. reduced its position in Kimberly-Clark Co. by 52.1% in the second quarter, holding 316,154 shares valued at approximately $40.76 million after the sale.
• Kimberly-Clark reported a quarterly earnings per share of $1.92, exceeding analysts' expectations, while its revenue was down 1.6% year-over-year at $4.16 billion.
• The company announced a quarterly dividend of $1.26 per share, reflecting an annualized dividend yield of 4.1% with a payout ratio of 69.42%.

Robeco Institutional Asset Management B.V. lessened its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 52.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,154 shares of the company's stock after selling 343,214 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.10% of Kimberly-Clark worth $40,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in KMB. Cornerstone Wealth Management LLC boosted its stake in Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after buying an additional 74 shares in the last quarter. Tudor Financial Inc. boosted 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 valued at $290,000 after purchasing an additional 75 shares in the last quarter. Hoge Financial Services LLC boosted 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 valued at $271,000 after purchasing an additional 77 shares in the last quarter. Nwam LLC grew its holdings in shares of Kimberly-Clark by 1.2% during the 1st quarter. Nwam LLC now owns 6,386 shares of the company's stock valued at $908,000 after purchasing an additional 77 shares during the last quarter. Finally, Old North State Wealth Management LLC raised its position in Kimberly-Clark by 4.6% in the 1st quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company's stock worth $258,000 after purchasing an additional 79 shares during the period. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $122.58 on Friday. The business's fifty day moving average is $128.85 and its 200 day moving average is $132.73. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market cap of $40.67 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a twelve month low of $121.02 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS. Research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.1%. Kimberly-Clark's dividend payout ratio (DPR) is currently 69.42%.

Analysts Set New Price Targets

KMB has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Piper Sandler lowered their price objective on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday. Evercore ISI dropped their price objective on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, September 22nd. Finally, UBS Group decreased their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $140.50.

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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