Bowen Hanes & Co. Inc. Lowers Stake in Kimberly-Clark Co. $KMB

Bowen Hanes & Co. Inc. reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,469 shares of the company’s stock after selling 171 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Kimberly-Clark were worth $1,347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in KMB. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Kimberly-Clark by 3.2% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 94,671 shares of the company’s stock valued at $13,464,000 after purchasing an additional 2,954 shares during the last quarter. Financial Advisors Network Inc. increased its holdings in Kimberly-Clark by 26.4% in the 1st quarter. Financial Advisors Network Inc. now owns 3,855 shares of the company’s stock worth $548,000 after buying an additional 806 shares during the period. Wellington Management Group LLP grew its stake in shares of Kimberly-Clark by 7.1% during the 1st quarter. Wellington Management Group LLP now owns 30,949 shares of the company’s stock worth $4,402,000 after purchasing an additional 2,065 shares during the period. Korea Investment CORP grew its stake in shares of Kimberly-Clark by 46.0% during the 1st quarter. Korea Investment CORP now owns 311,966 shares of the company’s stock worth $44,368,000 after purchasing an additional 98,345 shares during the period. Finally, Qtron Investments LLC grew its stake in shares of Kimberly-Clark by 9.0% during the 1st quarter. Qtron Investments LLC now owns 10,657 shares of the company’s stock worth $1,516,000 after purchasing an additional 882 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KMB. UBS Group decreased their target price 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 started coverage on Kimberly-Clark in a report on Friday, July 18th. They set an “overweight” rating and a $144.00 price target on the stock. Royal Bank Of Canada reduced their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Barclays boosted their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Finally, Evercore ISI cut their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $142.70.

Kimberly-Clark Stock Down 1.2%

Shares of NYSE:KMB opened at $131.33 on Tuesday. The stock’s 50-day moving average price is $130.39 and its two-hundred day moving average price is $135.12. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The firm has a market cap of $43.57 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 4.46 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (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 firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the firm earned $1.96 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 3.8%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 69.42%.

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.