TD Waterhouse Canada Inc. Cuts Stake in Kimberly-Clark Corporation $KMB

TD Waterhouse Canada Inc. cut its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 74,978 shares of the company’s stock after selling 7,217 shares during the period. TD Waterhouse Canada Inc.’s holdings in Kimberly-Clark were worth $7,565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Kimberly-Clark by 50.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after buying an additional 2,628,206 shares during the period. State Street Corp boosted its position in Kimberly-Clark by 5.0% in the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after purchasing an additional 997,397 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Kimberly-Clark by 331.6% in the third quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock worth $137,724,000 after acquiring an additional 851,024 shares during the period. Federated Hermes Inc. grew its position in shares of Kimberly-Clark by 52.0% during the third quarter. Federated Hermes Inc. now owns 2,406,849 shares of the company’s stock worth $299,268,000 after purchasing an additional 823,656 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. bought a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $55,953,000. Institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Stock Down 0.3%

KMB opened at $98.54 on Tuesday. The company has a fifty day moving average of $102.01 and a two-hundred day moving average of $104.75. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $144.30. The stock has a market capitalization of $32.71 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 3.80 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the previous year, the business earned $1.50 EPS. Kimberly-Clark’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts expect that Kimberly-Clark Corporation will post 7.54 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were given a dividend of $1.28 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, March 6th. Kimberly-Clark’s dividend payout ratio is currently 84.35%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Piper Sandler cut their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Citigroup reduced their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company lowered their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $114.86.

Kimberly-Clark 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.