Kimberly-Clark Corporation $KMB Shares Sold by Sarasin & Partners LLP

Sarasin & Partners LLP reduced its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 48.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 699,689 shares of the company’s stock after selling 668,566 shares during the period. Sarasin & Partners LLP’s holdings in Kimberly-Clark were worth $76,805,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Chapin Davis Inc. raised its stake in Kimberly-Clark by 11.5% during the second quarter. Chapin Davis Inc. now owns 2,899 shares of the company’s stock worth $318,000 after purchasing an additional 300 shares during the period. Bill Few Associates Inc. grew its stake in shares of Kimberly-Clark by 7.8% during the 2nd quarter. Bill Few Associates Inc. now owns 6,178 shares of the company’s stock valued at $678,000 after buying an additional 446 shares during the period. JGP Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth $229,000. Mirador Capital Partners LP purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth $218,000. Finally, DMKC Advisory Services LLC raised its position in shares of Kimberly-Clark by 25.4% in the 2nd quarter. DMKC Advisory Services LLC now owns 29,277 shares of the company’s stock worth $3,214,000 after buying an additional 5,928 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on KMB. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research report on Tuesday. Bank of America cut their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Piper Sandler boosted their target price on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Finally, Wells Fargo & Company increased their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Stock Down 3.3%

Shares of Kimberly-Clark stock opened at $108.66 on Friday. The company has a fifty day moving average price of $106.60 and a 200 day moving average price of $102.79. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $137.46. The stock has a market cap of $36.14 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 4.87 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business earned $1.92 earnings per share. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.07%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.