Schroder Investment Management Group Decreases Stake in Kimberly-Clark Corporation $KMB

Schroder Investment Management Group cut its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 15.5% during the second quarter, HoldingsChannel.com reports. The fund owned 361,289 shares of the company’s stock after selling 66,287 shares during the period. Schroder Investment Management Group’s holdings in Kimberly-Clark were worth $46,577,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $25,000. Princeton Global Asset Management LLC grew its position in shares of Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares in the last quarter. Winnow Wealth LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $27,000. Financial Network Wealth Advisors LLC lifted its position in 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 buying an additional 125 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $109.16 on Monday. The stock has a market capitalization of $36.23 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.77 and a quick ratio of 0.56. The business has a 50-day moving average of $114.22 and a 200 day moving average of $125.68. Kimberly-Clark Corporation has a 12 month low of $99.22 and a 12 month high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 earnings per share. As a group, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 85.28%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Argus upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Thursday, November 13th. Morgan Stanley cut their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Piper Sandler reduced 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. Cowen restated a “hold” rating on shares of Kimberly-Clark in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a research note on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $128.91.

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.