Asset Management One Co. Ltd. Sells 384 Shares of Kimberly-Clark Co. $KMB

Asset Management One Co. Ltd. lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,663 shares of the company’s stock after selling 384 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Kimberly-Clark worth $27,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark in the second quarter worth about $25,000. Princeton Global Asset Management LLC boosted its holdings in Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its holdings in Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Elequin Capital LP acquired a new stake in Kimberly-Clark in the first quarter worth about $36,000. Finally, Rossby Financial LCC acquired a new stake in Kimberly-Clark in the first quarter worth about $37,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.1%

Shares of KMB stock opened at $118.93 on Friday. The stock has a 50 day moving average of $125.24 and a 200 day moving average of $130.72. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market cap of $39.46 billion, a P/E ratio of 15.75, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a twelve month low of $117.49 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.Kimberly-Clark’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $1.96 earnings per share. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company lowered their price target 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. UBS Group lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Evercore ISI lowered their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Piper Sandler lowered their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Finally, Citigroup reduced their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $137.00.

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.