Kimberly-Clark Co. (NYSE:KMB) Holdings Raised by Sarasin & Partners LLP

Sarasin & Partners LLP increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 55.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 411,684 shares of the company’s stock after purchasing an additional 146,795 shares during the quarter. Sarasin & Partners LLP’s holdings in Kimberly-Clark were worth $58,574,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Rise Advisors LLC boosted its stake in Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares during the period. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark during the 2nd quarter valued at $26,000. Crewe Advisors LLC acquired a new stake in Kimberly-Clark during the first quarter valued at approximately $27,000. New Millennium Group LLC acquired a new position in Kimberly-Clark in the second quarter worth approximately $28,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark in the second quarter valued at $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.3 %

KMB stock traded up $0.42 during trading hours on Friday, reaching $141.48. 132,125 shares of the stock were exchanged, compared to its average volume of 2,095,369. The firm’s 50-day moving average is $142.55 and its 200-day moving average is $137.59. Kimberly-Clark Co. has a 12 month low of $116.63 and a 12 month high of $149.30. The company has a market cap of $47.65 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.98 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 earnings per share. On average, equities research analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.45%. Kimberly-Clark’s dividend payout ratio is currently 72.30%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMB. Piper Sandler boosted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, BNP Paribas began coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $146.47.

Insider Transactions at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

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.