Thompson Investment Management Inc. Has $4.12 Million Stake in Kimberly-Clark Co. $KMB

Key Points

• Thompson Investment Management Inc. reduced its stake in Kimberly-Clark Co. by 9.3%, holding approximately $4.12 million worth of shares after selling 3,291 shares in the second quarter.
• Several hedge funds have altered their positions in KMB, with major changes including Cornerstone Wealth Management and Tudor Financial Inc. increasing their stakes in the first quarter.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, resulting in an annualized dividend yield of 4.2% with a payout ratio of 69.42%.

Thompson Investment Management Inc. lessened its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 9.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,949 shares of the company's stock after selling 3,291 shares during the period. Thompson Investment Management Inc.'s holdings in Kimberly-Clark were worth $4,119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KMB. Cornerstone Wealth Management LLC increased its stake in shares of Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after purchasing an additional 74 shares in the last quarter. Tudor Financial Inc. lifted its position in shares of Kimberly-Clark by 3.8% during the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after acquiring an additional 75 shares in the last quarter. Hoge Financial Services LLC boosted its holdings in shares of Kimberly-Clark by 4.2% in the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after acquiring an additional 77 shares during the period. Nwam LLC raised its stake in shares of Kimberly-Clark by 1.2% during the 1st quarter. Nwam LLC now owns 6,386 shares of the company's stock valued at $908,000 after purchasing an additional 77 shares during the period. Finally, Old North State Wealth Management LLC lifted its holdings in shares of Kimberly-Clark by 4.6% in the first quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company's stock worth $258,000 after buying an additional 79 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KMB shares. Wells Fargo & Company reduced their price target on shares of 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. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Piper Sandler dropped their price target on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, October 2nd. UBS Group decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Evercore ISI reduced their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, September 22nd. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $138.22.

Kimberly-Clark Stock Down 0.1%

NYSE KMB opened at $119.55 on Friday. 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 market capitalization of $39.66 billion, a PE ratio of 15.83, a PEG ratio of 4.46 and a beta of 0.30. The business's 50-day moving average is $128.40 and its 200 day moving average is $132.22. Kimberly-Clark Co. has a 1 year low of $119.36 and a 1 year high of $150.45.

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

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were issued a dividend of $1.26 per share. The ex-dividend date was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. Kimberly-Clark's dividend payout ratio is 69.42%.

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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