Vontobel Holding Ltd. Has $11.11 Million Stock Position in Kimberly-Clark Co. $KMB

Key Points

• Vontobel Holding Ltd. reduced its stake in Kimberly-Clark Co. by 6.7%, now holding 86,169 shares worth approximately $11.11 million.
• Kimberly-Clark reported $1.92 earnings per share for the last quarter, exceeding estimates, but its revenue of $4.16 billion fell short of expectations.
• The company declared a quarterly dividend of $1.26 per share, with a yield of 4.2% and a payout ratio of 69.42%.

Vontobel Holding Ltd. decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,169 shares of the company's stock after selling 6,219 shares during the period. Vontobel Holding Ltd.'s holdings in Kimberly-Clark were worth $11,109,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KMB. Pacer Advisors Inc. boosted its position in Kimberly-Clark by 2,982.8% during the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after purchasing an additional 1,339,413 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Kimberly-Clark in the first quarter worth about $106,458,000. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Kimberly-Clark by 270.2% in the first 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 last quarter. Goldman Sachs Group Inc. lifted its position in shares of Kimberly-Clark by 41.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company's stock worth $334,406,000 after buying an additional 687,868 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Kimberly-Clark by 6.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company's stock worth $1,601,968,000 after buying an additional 674,046 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Price Performance

NYSE KMB opened at $119.55 on Friday. Kimberly-Clark Co. has a twelve month low of $119.36 and a twelve month high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a market capitalization of $39.66 billion, a PE ratio of 15.83, a P/E/G ratio of 4.46 and a beta of 0.30. The stock has a 50-day simple moving average of $128.40 and a 200 day simple moving average of $132.22.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) 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%.The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the company posted $1.96 earnings per share. The company's quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wells Fargo & Company reduced their price target on 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. Citigroup reduced their price target on Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating for the company in a research report on Thursday. Piper Sandler reduced their price target on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, October 2nd. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Finally, Evercore ISI cut their price objective on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $138.22.

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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