44 Wealth Management LLC Sells 2,595 Shares of Kimberly-Clark Co. (NYSE:KMB)

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

Several other large investors have also added to or reduced their stakes in the company. Avantax Planning Partners Inc. lifted its holdings in Kimberly-Clark by 9.9% during the first quarter. Avantax Planning Partners Inc. now owns 22,261 shares of the company's stock valued at $3,166,000 after purchasing an additional 2,004 shares in the last quarter. Calamos Advisors LLC raised its position in shares of Kimberly-Clark by 1.1% during the first quarter. Calamos Advisors LLC now owns 89,771 shares of the company's stock valued at $12,767,000 after buying an additional 1,000 shares during the last quarter. Checchi Capital Advisers LLC raised its position in shares of Kimberly-Clark by 5.9% during the first quarter. Checchi Capital Advisers LLC now owns 4,140 shares of the company's stock valued at $589,000 after buying an additional 230 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Kimberly-Clark by 0.8% during the first quarter. D.A. Davidson & CO. now owns 84,384 shares of the company's stock valued at $12,001,000 after buying an additional 667 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its position in shares of Kimberly-Clark by 18.0% during the first quarter. Rosenberg Matthew Hamilton now owns 1,436 shares of the company's stock valued at $204,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Trading Down 0.4%

KMB stock traded down $0.47 during mid-day trading on Monday, reaching $131.65. 2,158,050 shares of the stock traded hands, compared to its average volume of 2,208,079. 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 one year low of $124.10 and a one year high of $150.45. The stock has a market capitalization of $43.68 billion, a PE ratio of 17.44, a PEG ratio of 4.46 and a beta of 0.35. The business has a 50-day moving average price of $134.28 and a two-hundred day moving average price of $134.77.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the business posted $2.01 earnings per share. Equities research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the business's stock in a transaction 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 transaction, the insider owned 3,098 shares in the company, valued at $405,032.52. The trade was a 36.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KMB. 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 report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price objective 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. Wells Fargo & Company lifted their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, March 28th. UBS Group lifted their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Finally, Wall Street Zen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $143.50.

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.