Voleon Capital Management LP Decreases Stock Position in Kimberly-Clark Co. $KMB

Key Points

• Voleon Capital Management LP has reduced its stake in Kimberly-Clark Co. by 28.5%, selling 5,536 shares, leaving it with 13,878 shares valued at approximately $1.97 million.
• Multiple institutional investors have increased their stakes in Kimberly-Clark, including Goldman Sachs and UniSuper Management, indicating a positive sentiment towards the company.
• Kimberly-Clark recently announced a quarterly dividend of $1.26 per share, representing an annualized yield of 3.9%, to be paid on October 2nd.

Voleon Capital Management LP trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 28.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,878 shares of the company's stock after selling 5,536 shares during the quarter. Voleon Capital Management LP's holdings in Kimberly-Clark were worth $1,974,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. First Pacific Financial acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at $26,000. Financial Network Wealth Advisors LLC increased its stake in 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 buying an additional 125 shares during the period. Minot DeBlois Advisors LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at $29,000. Elequin Capital LP acquired a new position in Kimberly-Clark in the 1st quarter valued at $36,000. Finally, AlphaCore Capital LLC acquired a new position in Kimberly-Clark in the 1st quarter valued at $37,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of NYSE:KMB traded down $1.48 on Friday, reaching $127.99. 1,442,291 shares of the company were exchanged, compared to its average volume of 2,302,469. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The firm has a market cap of $42.46 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The company has a 50-day moving average of $130.33 and a 200-day moving average of $134.51.

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, topping analysts' consensus estimates 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 period in the prior year, the company posted $1.96 EPS. The business's revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 3.9%. Kimberly-Clark's payout ratio is currently 69.42%.

Analyst Ratings Changes

KMB has been the topic of several recent research reports. UBS Group dropped their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Barclays boosted their price objective on shares of 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 shares of Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark has an average rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark 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.