Manning & Napier Advisors LLC Sells 16,898 Shares of Kimberly-Clark Corporation $KMB

Manning & Napier Advisors LLC lowered its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 64.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,170 shares of the company’s stock after selling 16,898 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Kimberly-Clark were worth $1,140,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMB. Vanguard Group Inc. boosted its holdings in Kimberly-Clark by 14.8% in the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock valued at $5,212,942,000 after acquiring an additional 5,200,011 shares in the last quarter. Norges Bank purchased a new position in Kimberly-Clark during the second quarter valued at $556,114,000. Federated Hermes Inc. lifted its position in Kimberly-Clark by 350.2% during the 2nd quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock valued at $204,105,000 after acquiring an additional 1,231,501 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Kimberly-Clark by 32,568.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock worth $126,138,000 after purchasing an additional 975,424 shares in the last quarter. Finally, Sarasin & Partners LLP boosted its holdings in Kimberly-Clark by 88.9% in the third quarter. Sarasin & Partners LLP now owns 2,048,544 shares of the company’s stock worth $251,274,000 after acquiring an additional 963,978 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. UBS Group reduced their price target on shares of Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley decreased their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. BNP Paribas Exane cut their target price on Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, December 1st. Finally, Piper Sandler reduced their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $120.00.

Kimberly-Clark Stock Performance

Shares of KMB opened at $100.37 on Friday. The firm has a market capitalization of $33.31 billion, a P/E ratio of 16.98, a PEG ratio of 3.80 and a beta of 0.26. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $150.45. The business has a fifty day moving average of $102.55 and a 200 day moving average of $117.79.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.Kimberly-Clark’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 earnings per share. As a group, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 5.0%. The ex-dividend date was Friday, December 5th. Kimberly-Clark’s payout ratio is 85.28%.

Kimberly-Clark Company 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.