BNP Paribas Financial Markets lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 30.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 474,948 shares of the company's stock after selling 209,675 shares during the quarter. BNP Paribas Financial Markets owned about 0.14% of Kimberly-Clark worth $62,237,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in shares of Kimberly-Clark by 33.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,336,842 shares of the company's stock worth $175,206,000 after buying an additional 338,133 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Kimberly-Clark by 10.2% in the 4th quarter. Ancora Advisors LLC now owns 1,169 shares of the company's stock worth $153,000 after purchasing an additional 108 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Kimberly-Clark by 311.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 13,589 shares of the company's stock worth $1,793,000 after purchasing an additional 10,285 shares during the period. AXA S.A. increased its holdings in Kimberly-Clark by 21.2% in the fourth quarter. AXA S.A. now owns 281,136 shares of the company's stock valued at $36,840,000 after purchasing an additional 49,247 shares during the last quarter. Finally, Advanced Portfolio Management LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at about $815,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, VP Andrew Drexler sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the transaction, the vice president now owns 2,553 shares of the company's stock, valued at $357,420. This trade represents a 49.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katy Chen sold 1,794 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total value of $234,547.56. Following the completion of the sale, the insider now directly owns 3,098 shares in the company, valued at $405,032.52. This trade represents a 36.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,872 shares of company stock worth $2,208,684. 0.64% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have weighed in on the company. UBS Group lifted their target price on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Piper Sandler lowered their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada reduced their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Barclays lowered their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Evercore ISI reduced their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average target price of $145.08.
View Our Latest Analysis on Kimberly-Clark
Kimberly-Clark Price Performance
NYSE KMB traded down $0.53 during trading hours on Friday, reaching $133.01. 1,864,151 shares of the stock traded hands, compared to its average volume of 2,135,426. The stock has a 50 day simple moving average of $137.87 and a two-hundred day simple moving average of $134.74. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a market cap of $44.13 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35.
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 net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm posted $2.01 earnings per share. On average, analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.
Kimberly-Clark Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's payout ratio is currently 68.66%.
Kimberly-Clark Profile
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Free Report)
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.
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