Shell Asset Management Co. Has $4.17 Million Position in Kimberly-Clark Co. $KMB

Key Points

• Shell Asset Management Co. increased its holdings in Kimberly-Clark Co. by 39.6%, bringing its position to $4.17 million after adding 9,162 shares in Q2.
• Kimberly-Clark's latest earnings report revealed $1.92 earnings per share, surpassing expectations, despite a 1.6% decline in revenue year-on-year.
• The company announced a quarterly dividend of $1.26 per share, yielding 4.1%, with a payout ratio of 69.42%.

Shell Asset Management Co. increased its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 39.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,310 shares of the company's stock after buying an additional 9,162 shares during the period. Shell Asset Management Co.'s holdings in Kimberly-Clark were worth $4,165,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Kimberly-Clark by 0.3% in the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company's stock worth $5,011,188,000 after buying an additional 92,920 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Kimberly-Clark by 6.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company's stock worth $1,601,968,000 after buying an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Kimberly-Clark by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company's stock worth $1,151,309,000 after buying an additional 566,152 shares during the last quarter. Invesco Ltd. increased its holdings in Kimberly-Clark by 3.1% in the first quarter. Invesco Ltd. now owns 5,827,666 shares of the company's stock worth $828,811,000 after buying an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Kimberly-Clark by 0.9% during the first quarter. Royal Bank of Canada now owns 3,460,069 shares of the company's stock worth $492,091,000 after purchasing an additional 29,453 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Up 1.5%

Shares of KMB stock opened at $122.33 on Wednesday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a fifty day moving average price of $128.61 and a 200 day moving average price of $132.44. Kimberly-Clark Co. has a one year low of $119.63 and a one year high of $150.45. The stock has a market cap of $40.59 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data 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 return on equity of 201.43% and a net margin of 12.69%.The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the company posted $1.96 earnings per share. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. Kimberly-Clark's payout ratio is presently 69.42%.

Analyst Ratings Changes

A number of brokerages have issued reports on KMB. UBS Group decreased their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Evercore ISI decreased their target price on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, September 22nd. Wells Fargo & Company decreased their target price on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Piper Sandler decreased their target price on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $139.78.

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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