NatWest Group plc Has $6 Million Stock Position in Kimberly-Clark Co. $KMB

NatWest Group plc reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 49.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,498 shares of the company’s stock after selling 46,164 shares during the quarter. Kimberly-Clark accounts for approximately 1.8% of NatWest Group plc’s holdings, making the stock its 26th biggest position. NatWest Group plc’s holdings in Kimberly-Clark were worth $5,995,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KMB. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark during the 2nd quarter valued at $25,000. Princeton Global Asset Management LLC raised its stake in Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Financial Network Wealth Advisors LLC raised its stake in Kimberly-Clark by 176.1% during the 1st 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 last quarter. Elequin Capital LP acquired a new position in Kimberly-Clark during the 1st quarter valued at $36,000. Finally, Rossby Financial LCC acquired a new position in Kimberly-Clark during the 1st quarter valued at $37,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KMB shares. Piper Sandler lowered 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. Evercore ISI lowered 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. Wells Fargo & Company lowered 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 lowered 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Stock Up 0.1%

Shares of NYSE:KMB opened at $118.93 on Friday. Kimberly-Clark Co. has a 12 month low of $117.49 and a 12 month high of $150.45. The company’s 50-day moving average price is $125.24 and its two-hundred day moving average price is $130.72. 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 market cap of $39.46 billion, a P/E ratio of 15.75, a P/E/G ratio of 4.46 and a beta of 0.30.

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

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) 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.