Baird Financial Group Inc. Sells 2,104 Shares of Kimberly-Clark Co. (NYSE:KMB)

Baird Financial Group Inc. reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,468 shares of the company's stock after selling 2,104 shares during the period. Baird Financial Group Inc.'s holdings in Kimberly-Clark were worth $14,869,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC boosted its position in shares of Kimberly-Clark by 77.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock valued at $1,807,000 after acquiring an additional 6,016 shares in the last quarter. Barclays PLC boosted its position in Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company's stock valued at $239,267,000 after buying an additional 273,813 shares in the last quarter. Aprio Wealth Management LLC boosted its position in Kimberly-Clark by 20.0% in the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company's stock valued at $366,000 after buying an additional 466 shares in the last quarter. West Oak Capital LLC boosted its position in Kimberly-Clark by 20,377.6% in the fourth quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock valued at $4,428,000 after buying an additional 33,623 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Kimberly-Clark by 0.5% in the fourth quarter. Rhumbline Advisers now owns 728,728 shares of the company's stock valued at $95,492,000 after buying an additional 3,273 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Katy Chen sold 1,794 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the sale, the insider now directly owns 3,098 shares of the company's stock, valued at $405,032.52. The trade was a 36.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. The trade was a 58.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,872 shares of company stock valued at $2,208,684 over the last ninety days. Insiders own 0.64% of the company's stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded up $2.72 during trading on Monday, reaching $135.77. The company had a trading volume of 996,439 shares, compared to its average volume of 2,135,443. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The stock has a market cap of $45.05 billion, a PE ratio of 17.99, a PEG ratio of 4.46 and a beta of 0.35. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The business's 50 day moving average price is $137.87 and its 200-day moving average price is $134.71.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same period in the previous year, the firm posted $2.01 earnings per share. Analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th 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 3.71%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.

Analysts Set New Price Targets

A number of research firms have commented on KMB. Evercore ISI reduced their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Piper Sandler cut their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company increased their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Finally, Barclays lowered their price objective on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and an average price target of $145.08.

About Kimberly-Clark

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.