Sarasin & Partners LLP Sells 129,934 Shares of Kimberly-Clark Co. $KMB

Key Points

• Sarasin & Partners LLP reduced its stake in Kimberly-Clark Co. by 10.7%, selling 129,934 shares during the second quarter, leaving them with 1,084,566 shares, which constitutes 1.4% of their holdings.
• Several hedge funds significantly increased their positions in Kimberly-Clark, with GAMMA Investing LLC growing its stake by 10,975.8% after purchasing 1,884,877 shares.
• Kimberly-Clark recently declared a quarterly dividend of $1.26 to be paid out on October 2nd, representing an annual yield of 4.0%.

Sarasin & Partners LLP reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,084,566 shares of the company's stock after selling 129,934 shares during the period. Kimberly-Clark accounts for approximately 1.4% of Sarasin & Partners LLP's holdings, making the stock its 29th biggest position. Sarasin & Partners LLP owned about 0.33% of Kimberly-Clark worth $139,822,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First Pacific Financial bought a new stake in shares of Kimberly-Clark during the 1st quarter worth $26,000. Financial Network Wealth Advisors LLC boosted its holdings in Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock valued at $28,000 after purchasing an additional 125 shares during the period. Elequin Capital LP bought a new stake in Kimberly-Clark in the 1st quarter valued at $36,000. AlphaCore Capital LLC bought a new stake in Kimberly-Clark in the 1st quarter valued at $37,000. Finally, Rossby Financial LCC bought a new stake in Kimberly-Clark in the 1st quarter valued at $37,000. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. 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. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $125.00 to $138.00 in a report on Monday, August 4th. UBS Group reduced their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Finally, Piper Sandler started coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Kimberly-Clark presently has an average rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Price Performance

KMB traded down $0.89 on Friday, hitting $124.62. 6,927,559 shares of the stock were exchanged, compared to its average volume of 2,328,747. The firm has a market capitalization of $41.35 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 4.46 and a beta of 0.32. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The business has a 50-day moving average of $129.74 and a two-hundred day moving average of $133.97.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion during 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 business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 earnings per share. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed 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 of this dividend is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.0%. Kimberly-Clark's dividend payout ratio (DPR) is 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.