Kimberly-Clark Corporation $KMB Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 23.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 31,832 shares of the company’s stock after selling 9,879 shares during the period. Pacer Advisors Inc.’s holdings in Kimberly-Clark were worth $3,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after buying an additional 2,765 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Kimberly-Clark by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock worth $46,923,000 after acquiring an additional 24,698 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Kimberly-Clark by 44.3% in the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock worth $36,698,000 after purchasing an additional 87,455 shares in the last quarter. Main Street Financial Solutions LLC grew its stake in shares of Kimberly-Clark by 11.0% in the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock worth $424,000 after purchasing an additional 326 shares in the last quarter. Finally, HUB Investment Partners LLC increased its holdings in shares of Kimberly-Clark by 20.5% during the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock valued at $1,372,000 after purchasing an additional 1,811 shares during the period. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KMB. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday. Piper Sandler raised their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. TD Cowen boosted their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday. Bank of America reduced their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Down 3.3%

KMB opened at $108.66 on Friday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.55 and a current ratio of 0.91. The company has a market capitalization of $36.14 billion, a PE ratio of 18.48, a P/E/G ratio of 4.87 and a beta of 0.26. The stock’s fifty day moving average is $106.60 and its 200-day moving average is $102.79. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the business earned $1.92 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities analysts predict that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s payout ratio is currently 87.07%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.