The Manufacturers Life Insurance Company Has $48.24 Million Stock Position in Kimberly-Clark Co. $KMB

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Kimberly-Clark Co. by 10.8%, selling 40,950 shares and holding approximately 339,221 shares valued at $48.24 million.
• Kimberly-Clark reported a $1.92 EPS for the last quarter, exceeding estimates but experiencing a 1.6% decline in revenue year-over-year.
• The company announced a quarterly dividend of $1.26, payable on October 2nd, which represents a 3.9% dividend yield.

The Manufacturers Life Insurance Company decreased its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 339,221 shares of the company's stock after selling 40,950 shares during the period. The Manufacturers Life Insurance Company owned about 0.10% of Kimberly-Clark worth $48,244,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Pacific Financial bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC grew its stake in shares of 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. Minot DeBlois Advisors LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $29,000. Elequin Capital LP bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $36,000. Finally, AlphaCore Capital LLC bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $37,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KMB has been the topic of several analyst reports. Barclays upped their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. UBS Group dropped 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. Piper Sandler started coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted 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, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark Trading Up 1.5%

Shares of NYSE:KMB traded up $1.98 during mid-day trading on Friday, reaching $129.89. 2,185,346 shares of the company's stock were exchanged, compared to its average volume of 2,301,635. The firm has a market capitalization of $43.09 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 4.46 and a beta of 0.32. The business's fifty day moving average price is $130.53 and its 200-day moving average price is $134.98. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly 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 company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Kimberly-Clark's revenue was down 1.6% compared to the same quarter last year. 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 fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 yield of 3.9%. Kimberly-Clark's payout ratio is presently 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.