Whittier Trust Co. of Nevada Inc. Cuts Stock Holdings in Kimberly-Clark Co. $KMB

Whittier Trust Co. of Nevada Inc. trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.3% during the second quarter, Holdings Channel.com reports. The fund owned 10,742 shares of the company’s stock after selling 146 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Kimberly-Clark were worth $1,385,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KMB. Pacer Advisors Inc. boosted its holdings in Kimberly-Clark by 2,982.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock worth $196,878,000 after acquiring an additional 1,339,413 shares during the last quarter. Nuveen LLC purchased a new position in Kimberly-Clark during the 1st quarter worth $106,458,000. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock worth $140,043,000 after acquiring an additional 718,720 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Kimberly-Clark during the 2nd quarter worth $91,185,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Kimberly-Clark by 41.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock worth $334,406,000 after acquiring an additional 687,868 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on KMB. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Barclays cut their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Evercore ISI cut their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. UBS Group cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Finally, Piper Sandler cut their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $137.00.

Kimberly-Clark Price Performance

KMB opened at $120.21 on Thursday. The company has a market capitalization of $39.88 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 4.46 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm has a 50-day moving average price of $125.81 and a 200-day moving average price of $130.93. Kimberly-Clark Co. has a twelve month low of $118.18 and a twelve month high of $150.45.

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

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a dividend of $1.26 per share. The ex-dividend date was Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. Kimberly-Clark’s dividend payout ratio is currently 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.