Kimberly-Clark Co. (NYSE:KMB) Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 21.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,358 shares of the company's stock after selling 2,595 shares during the period. 44 Wealth Management LLC's holdings in Kimberly-Clark were worth $1,331,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after buying an additional 2,765 shares during the last quarter. Jones Financial Companies Lllp grew its position in Kimberly-Clark by 65.3% in the 4th quarter. Jones Financial Companies Lllp now owns 13,470 shares of the company's stock valued at $1,765,000 after buying an additional 5,323 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Kimberly-Clark in the 4th quarter valued at $343,000. Plato Investment Management Ltd purchased a new position in Kimberly-Clark in the 4th quarter valued at $57,000. Finally, Fidelis Capital Partners LLC purchased a new position in Kimberly-Clark in the 4th quarter valued at $213,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Trading Down 0.0%

Shares of NYSE:KMB traded down $0.06 during trading on Monday, reaching $132.06. 250,025 shares of the stock were exchanged, compared to its average volume of 2,200,624. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The firm has a market cap of $43.82 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The firm's 50-day moving average price is $134.28 and its 200 day moving average price is $134.77.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released 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 firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the prior year, the business earned $2.01 EPS. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is currently 68.66%.

Analyst Ratings Changes

Several brokerages have commented on KMB. Evercore ISI decreased their target price 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. Royal Bank Of Canada cut their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. UBS Group boosted their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. boosted 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. Finally, Piper Sandler cut their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $143.50.

Insider Activity at Kimberly-Clark

In other news, insider Katy Chen sold 1,794 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 3,098 shares in the company, valued at approximately $405,032.52. This represents a 36.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.64% of the company's stock.

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.