Hudson Bay Capital Management LP Sells 72,143 Shares of Kimberly-Clark Corporation $KMB

Hudson Bay Capital Management LP trimmed its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 76.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,068 shares of the company’s stock after selling 72,143 shares during the period. Hudson Bay Capital Management LP’s holdings in Kimberly-Clark were worth $2,744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMB. Assenagon Asset Management S.A. increased its position in Kimberly-Clark by 186.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 43,492 shares of the company’s stock valued at $5,408,000 after acquiring an additional 28,335 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Kimberly-Clark by 2.5% during the third quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock worth $301,448,000 after purchasing an additional 58,978 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Kimberly-Clark by 3.4% during the second quarter. Franklin Resources Inc. now owns 591,145 shares of the company’s stock worth $76,234,000 after purchasing an additional 19,298 shares in the last quarter. Synergy Asset Management LLC grew its stake in shares of Kimberly-Clark by 100.0% during the third quarter. Synergy Asset Management LLC now owns 38,260 shares of the company’s stock valued at $4,932,000 after purchasing an additional 19,130 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Kimberly-Clark by 3.7% in the third quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock valued at $49,690,000 after purchasing an additional 14,386 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Barclays set a $102.00 target price on Kimberly-Clark in a research note on Friday, January 16th. TD Cowen dropped their target price on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Piper Sandler cut their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Finally, BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 price target on shares of Kimberly-Clark in a report on Monday, December 1st. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $116.42.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $98.25 on Friday. The stock has a market cap of $32.61 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 3.49 and a beta of 0.24. The stock has a 50-day moving average of $103.45 and a 200-day moving average of $109.06. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $147.12.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. Kimberly-Clark’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 EPS. As a group, sell-side analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio (DPR) is currently 84.35%.

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.