Kimberly-Clark Co. (NYSE:KMB) Position Reduced by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,254 shares of the company's stock after selling 3,273 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in Kimberly-Clark were worth $3,626,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Kimberly-Clark by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Kimberly-Clark by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock worth $1,387,709,000 after buying an additional 529,223 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kimberly-Clark by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock worth $1,113,444,000 after acquiring an additional 797,953 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Kimberly-Clark by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock valued at $986,616,000 after buying an additional 417,118 shares during the period. Finally, Invesco Ltd. boosted its stake in Kimberly-Clark by 21.9% during the fourth quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock valued at $740,868,000 after buying an additional 1,015,141 shares during the period. Institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KMB. Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Piper Sandler lowered their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Barclays cut their price target on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Finally, UBS Group raised their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Two 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $143.50.

Kimberly-Clark Trading Up 0.8%

Shares of Kimberly-Clark stock traded up $1.05 during trading hours on Friday, reaching $127.89. 1,935,073 shares of the company's stock were exchanged, compared to its average volume of 2,198,567. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The firm has a market capitalization of $42.44 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38. The company has a fifty day moving average of $134.63 and a 200-day moving average of $134.73. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the firm posted $2.01 EPS. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.94%. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.

Insider Buying and Selling

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now owns 3,997 shares of the company's stock, valued at approximately $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company's stock.

Kimberly-Clark Company 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.