Synergy Asset Management LLC Sells 19,184 Shares of Kimberly-Clark Co. $KMB

Key Points

• Synergy Asset Management LLC has decreased its stake in Kimberly-Clark Co. by 50.1%, selling 19,184 shares and now holding 19,130 shares valued at approximately $2.46 million.
• Kimberly-Clark recently reported an EPS of $1.92 for the last quarter, exceeding analysts' expectations of $1.67, although its revenue declined 1.6% year-over-year.
• The company has declared a quarterly dividend of $1.26, achieving an annualized dividend yield of 4.1% and a payout ratio of 69.42%.

Synergy Asset Management LLC reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 50.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,130 shares of the company's stock after selling 19,184 shares during the period. Synergy Asset Management LLC's holdings in Kimberly-Clark were worth $2,466,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KMB. Pacer Advisors Inc. lifted its holdings in Kimberly-Clark by 2,982.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after purchasing an additional 1,339,413 shares during the last quarter. Trinity Financial Advisors LLC bought a new position in Kimberly-Clark during the 1st quarter valued at about $181,762,000. Nuveen LLC bought a new position in Kimberly-Clark during the 1st quarter valued at about $106,458,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after purchasing an additional 718,720 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Kimberly-Clark by 41.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company's stock valued at $334,406,000 after purchasing an additional 687,868 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $122.62 on Friday. The stock has a 50-day moving average price of $128.95 and a 200 day moving average price of $132.84. 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 $40.68 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a 12 month low of $121.02 and a 12 month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company's revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.96 earnings per share. Research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Evercore ISI cut their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Monday, September 22nd. Piper Sandler reduced their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Barclays dropped their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and an average target price of $140.50.

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.

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