Sienna Gestion Has $8 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Sienna Gestion trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,894 shares of the company’s stock after selling 3,779 shares during the period. Sienna Gestion’s holdings in Kimberly-Clark were worth $8,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Pacific Financial bought a new stake in shares of Kimberly-Clark during the first quarter worth $26,000. Financial Network Wealth Advisors LLC raised its holdings in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in shares of Kimberly-Clark in the 4th quarter worth about $29,000. AlphaCore Capital LLC purchased a new stake in Kimberly-Clark in the 1st quarter valued at about $37,000. Finally, Rossby Financial LCC bought a new position in shares of Kimberly-Clark during the 1st quarter valued at approximately $37,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $134.81 on Thursday. The company’s 50 day moving average price is $130.47 and its two-hundred day moving average price is $135.01. The firm has a market cap of $44.73 billion, a PE ratio of 17.86, a PEG ratio of 4.46 and a beta of 0.33. The company has a quick ratio of 0.54, a current ratio of 0.80 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.

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

Kimberly-Clark Announces Dividend

The firm 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. This represents a $5.04 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 69.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KMB shares. Barclays lifted their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Wall Street Zen cut Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. UBS Group decreased their price objective on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Finally, Evercore ISI dropped their price objective on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $142.70.

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.