Beutel Goodman & Co Ltd. Sells 1,300,597 Shares of Kimberly-Clark Corporation $KMB

Beutel Goodman & Co Ltd. trimmed its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 99.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,050 shares of the company’s stock after selling 1,300,597 shares during the quarter. Beutel Goodman & Co Ltd.’s holdings in Kimberly-Clark were worth $297,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KMB. BlackRock Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter worth $3,547,915,000. Thornburg Investment Management Inc. acquired a new position in Kimberly-Clark in the second quarter valued at $632,373,000. Bank of New York Mellon Corp acquired a new position in Kimberly-Clark in the second quarter valued at $239,612,000. Legal & General Group Plc purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $223,668,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $188,902,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $111.93 on Tuesday. The firm’s fifty day moving average price is $102.63 and its 200 day moving average price is $103.29. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $116.82. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The firm has a market cap of $37.23 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 6.28 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. Kimberly-Clark’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 EPS. On average, sell-side analysts expect that Kimberly-Clark Corporation will post 7.38 EPS for the current year.

Trending Headlines about Kimberly-Clark

Here are the key news stories impacting Kimberly-Clark this week:

• Positive Sentiment: Bank of America Securities reportedly initiated a Buy rating, while Seeking Alpha highlighted an upgrade and argued short-term concerns could create a buying opportunity. Bank of America Securities rating Seeking Alpha article
• Neutral Sentiment: BNP Paribas Exane raised its target from $110 to $112 and kept a Neutral rating; Barclays raised its target from $106 to $112 and maintained Equal Weight. Both targets imply little upside from the cited share price. BNP Paribas Exane ratings Barclays ratings
• Negative Sentiment: Reports say the Kenvue deal has closed, but organic sales slipped 1.3%. The acquisition’s debt burden may also pressure the balance sheet and Kimberly-Clark’s long-running dividend increases; one report notes last year’s cash flow barely covered the payout. Kenvue deal and organic sales article Dividend and deal risk article

Analyst Ratings Changes

KMB has been the subject of several recent research reports. Rothschild & Co Redburn decreased their target price on shares of Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Barclays boosted their price target on Kimberly-Clark from $106.00 to $112.00 and gave the company an “equal weight” rating in a research report on Monday. TD Cowen dropped their price target on Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. DA Davidson upped their price objective on Kimberly-Clark from $106.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Piper Sandler increased their price objective on Kimberly-Clark from $118.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $113.20.

About Kimberly-Clark