Scotia Capital Inc. Has $3.72 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Scotia Capital Inc. has reduced its stake in Kimberly-Clark Co. by 11.0%, now owning 26,131 shares valued at approximately $3.72 million.
• Kimberly-Clark's latest quarterly earnings beat analysts' expectations, reporting $1.92 earnings per share, despite a 1.6% decline in year-over-year revenue.
• The company declared a quarterly dividend of $1.26 per share, representing an annualized dividend of $5.04 and a yield of 3.8%.

Scotia Capital Inc. reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,131 shares of the company's stock after selling 3,231 shares during the quarter. Scotia Capital Inc.'s holdings in Kimberly-Clark were worth $3,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Pacific Financial bought a new position in Kimberly-Clark during the 1st quarter valued at about $26,000. Minot DeBlois Advisors LLC bought a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $29,000. Rossby Financial LCC acquired a new position in shares of Kimberly-Clark in the 1st quarter worth approximately $37,000. Menard Financial Group LLC bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $38,000. Finally, Whipplewood Advisors LLC grew its position in Kimberly-Clark by 329.6% during the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company's stock worth $47,000 after acquiring an additional 234 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

KMB stock opened at $133.14 on Tuesday. The company's 50-day moving average price is $131.40 and its two-hundred day moving average price is $134.72. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. 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 firm has a market cap of $44.18 billion, a P/E ratio of 17.63, a P/E/G ratio of 4.46 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates 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's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 EPS. On average, analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 69.42%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays lifted their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday. Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. UBS Group lowered their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Piper Sandler assumed coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their price target for the company from $125.00 to $138.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $142.70.

Kimberly-Clark 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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