Swiss National Bank Sells 10,900 Shares of Kimberly-Clark Co. (NYSE:KMB)

Key Points

• The Swiss National Bank has reduced its holdings in Kimberly-Clark Co. by 1.1%, now owning 940,500 shares valued at approximately $133.76 million.
• Several institutional investors, including GAMMA Investing LLC and Pacer Advisors Inc., made significant increases in their stakes in Kimberly-Clark, with GAMMA raising its holdings by 10,975.8%.
• Kimberly-Clark recently announced a quarterly dividend of $1.26, reflecting an annualized dividend yield of 3.7%.

Swiss National Bank lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 940,500 shares of the company's stock after selling 10,900 shares during the period. Swiss National Bank owned 0.28% of Kimberly-Clark worth $133,758,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Pacific Financial purchased a new stake in shares of Kimberly-Clark during the first quarter worth $26,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth $29,000. Rossby Financial LCC purchased a new stake in shares of Kimberly-Clark during the first quarter worth $37,000. AlphaCore Capital LLC purchased a new stake in shares of Kimberly-Clark in the first quarter worth $37,000. Finally, Menard Financial Group LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KMB shares. Royal Bank Of Canada lowered their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barclays increased their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Piper Sandler started coverage on Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Trading Up 0.5%

Shares of KMB traded up $0.71 during trading hours on Wednesday, hitting $134.35. The company had a trading volume of 832,455 shares, compared to its average volume of 2,330,718. The firm has a market cap of $44.57 billion, a P/E ratio of 17.79, a P/E/G ratio of 4.46 and a beta of 0.33. The stock's 50 day moving average price is $130.54 and its 200 day moving average price is $135.01. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 earnings per share. On average, research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

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 issued a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 3.8%. Kimberly-Clark's payout ratio 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.