Sarasin & Partners LLP Reduces Stock Position in Kimberly-Clark Corporation $KMB

Key Points

• Sarasin & Partners cut its Kimberly-Clark stake by 48.9% in the second quarter, selling 668,566 shares and retaining 699,689 shares valued at approximately $76.8 million. Institutional investors overall own 76.29% of the company.
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 consensus estimate, while revenue reached $4.19 billion and rose 0.6% year over year. Analysts expect full-year EPS of $7.43.
• The company declared a quarterly dividend of $1.28, equivalent to $5.12 annually and a 4.7% yield. Wall Street’s consensus rating remains “Hold,” with an average price target of $117.93 versus a share price of $108.66.

Sarasin & Partners LLP trimmed its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 48.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 699,689 shares of the company's stock after selling 668,566 shares during the period. Sarasin & Partners LLP owned about 0.21% of Kimberly-Clark worth $76,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KMB. Wellington Management Group LLP increased its stake in Kimberly-Clark by 26,997.7% in the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company's stock valued at $743,399,000 after purchasing an additional 7,341,215 shares in the last quarter. Norges Bank purchased a new position in shares of Kimberly-Clark in the fourth quarter valued at $521,184,000. Massachusetts Financial Services Co. MA increased its position in shares of Kimberly-Clark by 50.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company's stock valued at $790,934,000 after buying an additional 2,628,206 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Kimberly-Clark by 29.1% during the 1st quarter. Bank of America Corp DE now owns 6,661,899 shares of the company's stock worth $642,673,000 after buying an additional 1,503,018 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Kimberly-Clark by 459.9% in the 1st quarter. KBC Group NV now owns 1,695,768 shares of the company's stock worth $163,591,000 after buying an additional 1,392,873 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $108.66 on Friday. The firm has a market cap of $36.14 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 4.87 and a beta of 0.26. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 3.45. The company's 50-day moving average is $106.60 and its two-hundred day moving average is $102.79. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46.

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

Kimberly-Clark Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KMB. UBS Group lifted their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research report on Wednesday. Freedom Capital upgraded shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 8th. Piper Sandler lifted their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings raised Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and an average price target of $117.93.

Kimberly-Clark 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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