United Capital Management of KS Inc. Has $2.47 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• United Capital Management of KS Inc. sold 44.3% of its shares in Kimberly-Clark Co., reducing its holdings to 17,394 shares valued at $2.47 million.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, with an annualized dividend yield of 3.8% and a payout ratio of 69.42%.
• The company reported earnings per share of $1.92 for the last quarter, exceeding the consensus estimate of $1.67, but its revenue decreased by 1.6% compared to the previous year.

United Capital Management of KS Inc. decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 44.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,394 shares of the company's stock after selling 13,840 shares during the quarter. United Capital Management of KS Inc.'s holdings in Kimberly-Clark were worth $2,474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Kimberly-Clark by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company's stock valued at $5,011,188,000 after buying an additional 92,920 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company's stock valued at $1,601,968,000 after acquiring an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Kimberly-Clark by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock worth $986,616,000 after purchasing an additional 417,118 shares during the period. Invesco Ltd. grew its stake in shares of Kimberly-Clark by 3.1% in the first quarter. Invesco Ltd. now owns 5,827,666 shares of the company's stock worth $828,811,000 after purchasing an additional 173,915 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Kimberly-Clark by 12.6% in the fourth quarter. Northern Trust Corp now owns 3,974,239 shares of the company's stock valued at $520,784,000 after purchasing an additional 445,552 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $133.39 on Friday. 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. The firm has a 50 day moving average of $130.43 and a 200-day moving average of $135.02. The company has a market cap of $44.26 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted 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 firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The business's revenue was down 1.6% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a dividend of $1.26 per share. 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%.

Wall Street Analyst Weigh In

KMB has been the topic of a number of analyst reports. Royal Bank Of Canada reduced their price target 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 lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Barclays increased their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Piper Sandler assumed coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target on the stock. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $125.00 to $138.00 in a research note on Monday, August 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $142.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.