AE Wealth Management LLC Reduces Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

AE Wealth Management LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 37.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,044 shares of the company's stock after selling 64,462 shares during the quarter. AE Wealth Management LLC's holdings in Kimberly-Clark were worth $15,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Elevate Capital Advisors LLC grew its holdings in shares of Kimberly-Clark by 46.4% during the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after buying an additional 3,944 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Kimberly-Clark by 2.8% during the 4th quarter. Schroder Investment Management Group now owns 464,053 shares of the company's stock valued at $60,615,000 after acquiring an additional 12,768 shares during the last quarter. Unigestion Holding SA boosted its position in shares of Kimberly-Clark by 8.2% during the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock valued at $18,145,000 after acquiring an additional 9,643 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after acquiring an additional 718,720 shares during the last quarter. Finally, Farmers Trust Co. boosted its position in shares of Kimberly-Clark by 108.6% during the 1st quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock valued at $6,412,000 after acquiring an additional 23,472 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the sale, the insider owned 3,997 shares of the company's stock, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of NYSE KMB traded down $0.37 during mid-day trading on Friday, hitting $127.38. 1,549,446 shares of the company were exchanged, compared to its average volume of 2,289,590. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a 50 day simple moving average of $132.95 and a 200-day simple moving average of $134.57. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The firm has a market cap of $42.27 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Friday, June 6th. Kimberly-Clark's dividend payout ratio is presently 68.66%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KMB shares. Evercore ISI lowered 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. Royal Bank Of Canada lowered their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. UBS Group lowered their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Finally, Barclays cut their target price on shares of Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and a consensus target price of $140.90.

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.