Posted by admin on Aug 15th, 2022

Bank of Nova Scotia trimmed its position in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 79.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,987 shares of the company’s stock after selling 217,184 shares during the quarter. Bank of Nova Scotia’s holdings in Kimberly-Clark were worth $6,772,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bivin & Associates Inc. acquired a new position in shares of Kimberly-Clark in the fourth quarter worth about $26,000. HWG Holdings LP acquired a new position in shares of Kimberly-Clark in the fourth quarter worth about $29,000. Lumature Wealth Partners LLC boosted its holdings in shares of Kimberly-Clark by 66.4% during the fourth quarter. Lumature Wealth Partners LLC now owns 208 shares of the company’s stock worth $30,000 after purchasing an additional 83 shares during the period. Roble Belko & Company Inc boosted its holdings in shares of Kimberly-Clark by 69.5% during the first quarter. Roble Belko & Company Inc now owns 256 shares of the company’s stock worth $32,000 after purchasing an additional 105 shares during the period. Finally, DeDora Capital Inc. acquired a new stake in shares of Kimberly-Clark during the first quarter worth approximately $33,000. 74.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of KMB stock opened at $135.48 on Monday. Kimberly-Clark Co. has a 1 year low of $117.32 and a 1 year high of $145.79. The firm’s fifty day simple moving average is $132.04 and its 200 day simple moving average is $130.90. The firm has a market capitalization of $45.74 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 4.80 and a beta of 0.31. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 10.37.

Kimberly-Clark (NYSE:KMB – Get Rating) last announced its earnings results on Tuesday, July 26th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the firm posted $1.47 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 5.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, September 8th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.71%.

Several research firms recently commented on KMB. Barclays decreased their price target on shares of Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, May 23rd. UBS Group raised their price target on shares of Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $128.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, April 25th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kimberly-Clark from $130.00 to $138.00 in a research report on Monday, April 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $131.14.

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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