Hudson Bay Capital cuts Kimberly-Clark stake by 76.6%, while company raises dividend to $1.28/share.

Hudson Bay Capital Management significantly reduced its holdings in Kimberly-Clark by selling 72,143 shares, cutting its stake by 76.6% in the third quarter. Despite this, Kimberly-Clark recently increased its quarterly dividend to $1.28 per share, reflecting a 5.2% yield. The company reported earnings per share of $1.86, beating estimates, but saw a slight revenue decline. Analysts maintain a mixed outlook with a consensus 'Hold' rating and an average target price of $116.42. Investors should watch how dividend growth and earnings performance influence stock momentum amid changing institutional ownership.