Kimberly-Clark Co. $KMB Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,663 shares of the company’s stock after selling 384 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Kimberly-Clark were worth $27,159,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark during the second quarter worth approximately $25,000. Princeton Global Asset Management LLC increased its position in shares of Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares in the last quarter. Financial Network Wealth Advisors LLC increased its position in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Elequin Capital LP purchased a new stake in shares of Kimberly-Clark during the first quarter worth approximately $36,000. Finally, Rossby Financial LCC purchased a new stake in shares of Kimberly-Clark during the first quarter worth approximately $37,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMB has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Barclays lowered their target price on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Piper Sandler cut their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Finally, Citigroup dropped their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Stock Performance

NYSE KMB opened at $118.93 on Friday. Kimberly-Clark Co. has a fifty-two week low of $117.49 and a fifty-two week high of $150.45. The stock has a market cap of $39.46 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The business has a fifty day moving average of $125.24 and a 200-day moving average of $130.72. 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 (NYSE:KMB) last released 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 return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Kimberly-Clark Company 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.