Beutel Goodman & Co Ltd. Sells 49,974 Shares of Kimberly-Clark Corporation $KMB

Beutel Goodman & Co Ltd. lowered its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 1.7% during the second quarter, HoldingsChannel.com reports. The fund owned 2,938,215 shares of the company’s stock after selling 49,974 shares during the quarter. Kimberly-Clark accounts for about 2.2% of Beutel Goodman & Co Ltd.’s holdings, making the stock its 16th biggest position. Beutel Goodman & Co Ltd.’s holdings in Kimberly-Clark were worth $378,794,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $25,000. Princeton Global Asset Management LLC boosted its stake in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares in the last quarter. Winnow Wealth LLC acquired a new stake in Kimberly-Clark in the second quarter worth $27,000. Financial Network Wealth Advisors LLC increased its position in Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in shares of Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after acquiring an additional 127 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KMB. Wells Fargo & Company cut their target price on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. TD Cowen lowered their price objective on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Morgan Stanley reduced 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. Piper Sandler decreased their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $126.00.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $104.94 on Friday. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. The firm has a 50-day moving average of $112.88 and a 200-day moving average of $124.98. Kimberly-Clark Corporation has a one year low of $99.22 and a one year high of $150.45. The company has a market cap of $34.83 billion, a P/E ratio of 17.76, a P/E/G ratio of 3.92 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.83 EPS. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, December 5th. Kimberly-Clark’s payout ratio is presently 85.28%.

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.