Axa S.A. Decreases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Axa S.A. lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 221,270 shares of the company’s stock after selling 22,202 shares during the quarter. Axa S.A. owned 0.07% of Kimberly-Clark worth $30,580,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rise Advisors LLC grew its position in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $28,000. Crewe Advisors LLC acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at $27,000. Fortitude Family Office LLC raised its stake in Kimberly-Clark by 333.3% in the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after acquiring an additional 250 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter worth about $49,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.7 %

Shares of KMB opened at $142.18 on Friday. The company’s 50-day moving average price is $142.22 and its 200 day moving average price is $136.43. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $149.30. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The firm has a market cap of $47.89 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39.

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

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Analyst Ratings Changes

KMB has been the topic of a number of research reports. BNP Paribas started coverage on Kimberly-Clark in a report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. TD Cowen began coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock. Piper Sandler boosted their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $145.67.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s 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 sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Company 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.