Bank of New York Mellon Corp Sells 38,675 Shares of Kimberly-Clark Co. (NYSE:KMB)

Bank of New York Mellon Corp reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,002,072 shares of the company's stock after selling 38,675 shares during the period. Bank of New York Mellon Corp owned 0.90% of Kimberly-Clark worth $426,955,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Kimberly-Clark by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock worth $4,605,079,000 after buying an additional 4,603,787 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Kimberly-Clark by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock worth $1,113,444,000 after buying an additional 797,953 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kimberly-Clark by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock worth $986,616,000 after buying an additional 417,118 shares during the period. Invesco Ltd. boosted its holdings in Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock valued at $740,868,000 after purchasing an additional 1,015,141 shares during the period. Finally, Norges Bank bought a new stake in Kimberly-Clark in the 4th quarter valued at $582,592,000. 76.29% of the stock is owned by institutional investors.

Insider Activity at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the sale, the insider owned 3,997 shares in the company, valued at $518,410.90. The trade was a 15.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on KMB shares. Piper Sandler reduced their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Evercore ISI reduced their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. UBS Group increased their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Barclays reduced their price objective on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $143.50.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded down $0.47 during mid-day trading on Monday, reaching $131.65. 2,158,050 shares of the stock were exchanged, compared to its average volume of 2,208,079. The company has a market cap of $43.68 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a 50-day simple moving average of $134.28 and a 200 day simple moving average of $134.77. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. The business had revenue of $4.84 billion during 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 quarter last year, the company posted $2.01 EPS. On average, sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Friday, June 6th. Kimberly-Clark's dividend payout ratio is 68.66%.

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.