USS Investment Management Ltd Sells 33,395 Shares of Kimberly-Clark Co. $KMB

USS Investment Management Ltd lowered its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 36.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 58,624 shares of the company’s stock after selling 33,395 shares during the period. USS Investment Management Ltd’s holdings in Kimberly-Clark were worth $8,335,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. First Pacific Financial bought a new position in shares of Kimberly-Clark during the first quarter valued at $26,000. Financial Network Wealth Advisors LLC grew its position in shares of Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $29,000. Elequin Capital LP bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $36,000. Finally, Rossby Financial LCC bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $37,000. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on KMB. UBS Group reduced their price target on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Piper Sandler began coverage on Kimberly-Clark in a research report on Friday, July 18th. They issued an “overweight” rating and a $144.00 price target on the stock. Barclays upped their price target on Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. upgraded Kimberly-Clark from an “underweight” rating to a “neutral” rating and upped their price target for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $142.70.

Kimberly-Clark Stock Up 0.6%

Shares of Kimberly-Clark stock opened at $129.89 on Monday. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock’s 50-day moving average is $130.57 and its 200 day moving average is $134.89. The firm has a market cap of $43.09 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s payout ratio is 69.42%.

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.