Epoch Investment Partners Inc. Decreases Holdings in Kimberly-Clark Co. (NYSE:KMB)

by · The Cerbat Gem

Epoch Investment Partners Inc. decreased its holdings in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 3.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,193 shares of the company’s stock after selling 4,066 shares during the period. Epoch Investment Partners Inc.’s holdings in Kimberly-Clark were worth $15,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avidian Wealth Solutions LLC grew its holdings in shares of Kimberly-Clark by 1.2% during the 1st quarter. Avidian Wealth Solutions LLC now owns 6,431 shares of the company’s stock worth $863,000 after acquiring an additional 77 shares during the period. Jones Financial Companies Lllp grew its stake in Kimberly-Clark by 3.6% in the first quarter. Jones Financial Companies Lllp now owns 2,225 shares of the company’s stock worth $299,000 after purchasing an additional 77 shares during the period. First Horizon Advisors Inc. raised its holdings in Kimberly-Clark by 0.8% in the second quarter. First Horizon Advisors Inc. now owns 9,370 shares of the company’s stock worth $1,294,000 after purchasing an additional 78 shares in the last quarter. WealthSpring Partners LLC lifted its position in Kimberly-Clark by 2.7% during the second quarter. WealthSpring Partners LLC now owns 2,936 shares of the company’s stock valued at $405,000 after buying an additional 78 shares during the period. Finally, MV Capital Management Inc. boosted its holdings in shares of Kimberly-Clark by 3.7% during the 2nd quarter. MV Capital Management Inc. now owns 2,223 shares of the company’s stock valued at $307,000 after buying an additional 79 shares in the last quarter. Institutional investors own 74.38% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of recent research reports. Piper Sandler started coverage on shares of Kimberly-Clark in a research report on Friday, November 17th. They set an “overweight” rating and a $146.00 price target for the company. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. Citigroup cut their price target on Kimberly-Clark from $126.00 to $111.00 and set a “sell” rating on the stock in a research note on Wednesday, October 11th. The Goldman Sachs Group dropped their target price on Kimberly-Clark from $147.00 to $132.00 and set a “neutral” rating on the stock in a report on Tuesday, October 10th. Finally, Sanford C. Bernstein upgraded Kimberly-Clark from an “underperform” rating to a “market perform” rating and reduced their price target for the company from $125.00 to $118.00 in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $131.93.

Read Our Latest Analysis on KMB

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Zackery A. Hicks sold 3,020 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $119.43, for a total transaction of $360,678.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jeffrey P. Melucci sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $121.71, for a total transaction of $365,130.00. Following the completion of the transaction, the insider now directly owns 25,169 shares in the company, valued at approximately $3,063,318.99. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Zackery A. Hicks sold 3,020 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $119.43, for a total transaction of $360,678.60. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $123.73 on Friday. The firm has a market capitalization of $41.81 billion, a PE ratio of 23.79, a P/E/G ratio of 2.24 and a beta of 0.38. The company has a 50 day moving average price of $120.99 and a 200-day moving average price of $128.70. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.87. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 8.81.

Kimberly-Clark (NYSE:KMB – Get Free Report) last posted its earnings results on Tuesday, October 24th. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.16. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.16 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 292.92%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS. As a group, equities research analysts expect that Kimberly-Clark Co. will post 6.59 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be given a $1.18 dividend. The ex-dividend date is Thursday, December 7th. This represents a $4.72 annualized dividend and a yield of 3.81%. Kimberly-Clark’s payout ratio is 90.77%.

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.

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