UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 32,995 Shares of Kimberly-Clark Co. $KMB

Key Points

• UBS Asset Management increased its stake in Kimberly-Clark Co. by 1.1% in Q1, owning approximately 3,055,126 shares valued at $434.5 million.
• Kimberly-Clark reported $1.92 EPS for the latest quarter, exceeding estimates but with revenue down 1.6% year-over-year.
• The company announced a quarterly dividend of $1.26 per share, representing an annualized dividend yield of 3.8% with a payout ratio of 69.42%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,055,126 shares of the company's stock after purchasing an additional 32,995 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.92% of Kimberly-Clark worth $434,500,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. GAMMA Investing LLC grew its holdings in shares of Kimberly-Clark by 10,975.8% in the first quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock valued at $270,510,000 after acquiring an additional 1,884,877 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Kimberly-Clark by 2,982.8% in the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after acquiring an additional 1,339,413 shares in the last quarter. Trinity Financial Advisors LLC purchased a new position in Kimberly-Clark in the first quarter valued at approximately $181,762,000. Nuveen LLC purchased a new position in Kimberly-Clark in the first quarter valued at approximately $106,458,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Kimberly-Clark by 270.2% in the first 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. 76.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KMB shares. 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. Piper Sandler initiated coverage on Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective on the stock. UBS Group cut their price target on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark Price Performance

Shares of KMB stock traded down $1.48 on Friday, reaching $127.99. The company's stock had a trading volume of 1,442,291 shares, compared to its average volume of 2,302,469. 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 12-month low of $124.10 and a 12-month high of $150.45. The company has a market capitalization of $42.46 billion, a P/E ratio of 16.95, a PEG ratio of 4.46 and a beta of 0.32. The stock's 50 day simple moving average is $130.33 and its 200-day simple moving average is $134.55.

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

Kimberly-Clark Announces Dividend

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 paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) 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.