Sand Hill Global Advisors LLC Invests $5.82 Million in Kimberly-Clark Co. $KMB

Key Points

• Sand Hill Global Advisors LLC invested $5.82 million in Kimberly-Clark Co. during the first quarter, acquiring approximately 40,938 shares.
• Kimberly-Clark reported earnings of $1.92 per share, exceeding estimates, but revenue fell short of expectations at $4.16 billion for the quarter.
• The company's dividend yield is currently 3.8%, with a declared quarterly dividend of $1.26 per share to be paid on October 2nd.

Sand Hill Global Advisors LLC bought a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 40,938 shares of the company's stock, valued at approximately $5,822,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KMB. GAMMA Investing LLC increased its stake in shares of Kimberly-Clark by 10,975.8% during the first quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock valued at $270,510,000 after purchasing an additional 1,884,877 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Kimberly-Clark by 2,982.8% during the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after purchasing an additional 1,339,413 shares in the last quarter. Trinity Financial Advisors LLC bought a new position in shares of Kimberly-Clark during the first quarter valued at approximately $181,762,000. Nuveen LLC bought a new position in shares of Kimberly-Clark during the first quarter valued at approximately $106,458,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of analyst reports. Piper Sandler assumed coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 target price for the company. Evercore ISI cut their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Barclays increased their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. UBS Group cut their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, Wall Street Zen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Trading Down 0.3%

Shares of KMB stock opened at $132.94 on Monday. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm's 50 day moving average is $130.42 and its 200 day moving average is $135.11. The stock has a market capitalization of $44.11 billion, a P/E ratio of 17.61, a P/E/G ratio of 4.46 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter last year, the company posted $1.96 earnings per share. The firm's quarterly revenue was down 1.6% on a year-over-year basis. Research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is currently 69.42%.

Kimberly-Clark Company 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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