US Bancorp DE Sells 9,068 Shares of Kimberly-Clark Co. (NYSE:KMB)

Key Points

• US Bancorp DE has reduced its stake in Kimberly-Clark Co. by 3.2%, selling 9,068 shares and now owns 275,593 shares worth approximately $39.2 million.
• Several large investors have increased their holdings in Kimberly-Clark, with Oversea Chinese Banking Corp Ltd significantly boosting its stake by 270.2% during the same quarter.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, translating to an annual yield of 3.9%, with a payout ratio of 68.66%.

US Bancorp DE decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 275,593 shares of the company's stock after selling 9,068 shares during the period. US Bancorp DE owned approximately 0.08% of Kimberly-Clark worth $39,195,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Elevate Capital Advisors LLC increased its position in Kimberly-Clark by 46.4% during the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after buying an additional 3,944 shares during the period. Unigestion Holding SA increased its position in Kimberly-Clark by 8.2% during the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock worth $18,145,000 after buying an additional 9,643 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its position 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 worth $140,043,000 after buying an additional 718,720 shares during the period. Farmers Trust Co. increased its position in Kimberly-Clark by 108.6% during the 1st quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock worth $6,412,000 after buying an additional 23,472 shares during the period. Finally, United Community Bank increased its position in Kimberly-Clark by 340.0% during the 1st quarter. United Community Bank now owns 18,518 shares of the company's stock worth $2,634,000 after buying an additional 14,309 shares during the period. Institutional investors own 76.29% of the company's stock.

Analysts Set New Price Targets

KMB has been the topic of several recent research reports. UBS Group lowered their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Barclays reduced their target price on Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Evercore ISI reduced their target price on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $126.00 to $125.00 and set an "underweight" rating on the stock in a report on Friday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $140.90.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $130.64 on Friday. The stock's 50-day simple moving average is $131.56 and its 200 day simple moving average is $134.56. The firm has a market capitalization of $43.35 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. 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 twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data 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 return on equity of 201.43% and a net margin of 12.69%. During the same period last year, the firm earned $1.96 EPS. The firm's revenue was down 1.6% on a year-over-year basis. On average, analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared 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%. Kimberly-Clark's payout ratio is 68.66%.

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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