Caisse DE Depot ET Placement DU Quebec Reduces Position in Kimberly-Clark Co. (NYSE:KMB)

Caisse DE Depot ET Placement DU Quebec cut its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 58.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,542 shares of the company's stock after selling 251,867 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.05% of Kimberly-Clark worth $23,789,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Park Avenue Securities LLC boosted its holdings in shares of Kimberly-Clark by 77.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock worth $1,807,000 after buying an additional 6,016 shares during the period. Pensionfund Sabic boosted its holdings in Kimberly-Clark by 45.5% in the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock valued at $1,677,000 after acquiring an additional 4,000 shares during the last quarter. Barclays PLC boosted its position in shares of Kimberly-Clark by 19.4% during the third quarter. Barclays PLC now owns 1,681,671 shares of the company's stock worth $239,267,000 after purchasing an additional 273,813 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 466 shares in the last quarter. Finally, West Oak Capital LLC raised its holdings in Kimberly-Clark by 20,377.6% during the fourth quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock worth $4,428,000 after acquiring an additional 33,623 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

KMB stock traded up $1.19 during trading on Thursday, hitting $134.78. The stock had a trading volume of 553,032 shares, compared to its average volume of 2,126,576. 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's 50-day moving average price is $138.24 and its two-hundred day moving average price is $134.84. The stock has a market capitalization of $44.72 billion, a P/E ratio of 17.83, a PEG ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations 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 prior year, the company earned $2.01 EPS. As a group, research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's dividend payout ratio is 68.66%.

Insider Transactions at Kimberly-Clark

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

Wall Street Analyst Weigh In

KMB has been the topic of a number of research analyst reports. Citigroup reduced their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research note on Wednesday, January 15th. TD Cowen cut Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. 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. Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, March 28th. Finally, Piper Sandler reduced their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Two 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $145.08.

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.