Balyasny Asset Management L.P. Lowers Holdings in Kimberly-Clark Co. (NYSE:KMB)

Balyasny Asset Management L.P. lowered its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 90.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,995 shares of the company's stock after selling 29,137 shares during the period. Balyasny Asset Management L.P.'s holdings in Kimberly-Clark were worth $392,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Kimberly-Clark by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after buying an additional 4,603,787 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Kimberly-Clark by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock worth $1,387,709,000 after purchasing an additional 529,223 shares during the last quarter. Geode Capital Management LLC increased its holdings in Kimberly-Clark by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock valued at $1,113,444,000 after purchasing an additional 797,953 shares during the period. Price T Rowe Associates Inc. MD raised its position in Kimberly-Clark by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock valued at $986,616,000 after purchasing an additional 417,118 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock worth $740,868,000 after buying an additional 1,015,141 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 0.5%

Shares of NYSE:KMB traded down $0.66 during trading on Wednesday, reaching $140.97. 1,302,353 shares of the stock traded hands, compared to its average volume of 2,274,706. The stock has a market cap of $46.78 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. 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 stock has a 50-day moving average of $137.14 and a two-hundred day moving average of $134.85.

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 the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the business earned $2.01 earnings per share. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's payout ratio is presently 68.66%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KMB shares. Piper Sandler decreased their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. UBS Group upped their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. lifted their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. StockNews.com downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company lifted their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target of $145.08.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares in the company, valued at $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Andrew Drexler sold 10,838 shares of the firm's stock in a transaction 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 sale, the vice president now owns 7,720 shares in the company, valued at $1,088,520. The trade was a 58.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,872 shares of company stock worth $2,208,684 over the last three months. 0.64% of the stock is currently owned by company insiders.

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.