2,410 Shares in Kimberly-Clark Co. (NYSE:KMB) Bought by Challenger Wealth Management

Challenger Wealth Management bought a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,410 shares of the company's stock, valued at approximately $316,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in Kimberly-Clark by 19.4% during the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock valued at $239,267,000 after buying an additional 273,813 shares during the last quarter. Rhumbline Advisers grew its holdings in Kimberly-Clark by 0.5% during the 4th quarter. Rhumbline Advisers now owns 728,728 shares of the company's stock valued at $95,492,000 after buying an additional 3,273 shares during the last quarter. Schroder Investment Management Group grew its holdings in 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 buying an additional 12,768 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in Kimberly-Clark by 8.8% during the 4th quarter. Toth Financial Advisory Corp now owns 32,556 shares of the company's stock valued at $4,266,000 after buying an additional 2,641 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Kimberly-Clark by 16.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 279,044 shares of the company's stock valued at $36,776,000 after buying an additional 38,529 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on KMB shares. Barclays lowered their target price on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Evercore ISI decreased their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company raised their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada decreased their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $145.08.

Kimberly-Clark Trading Up 0.8%

Shares of KMB traded up $1.11 during trading hours on Thursday, hitting $143.79. The stock had a trading volume of 1,716,172 shares, compared to its average volume of 2,182,702. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm has a market cap of $47.71 billion, a P/E ratio of 19.04, a P/E/G ratio of 4.46 and a beta of 0.35. The company's fifty day simple moving average is $137.40 and its 200 day simple moving average is $135.18. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the company posted $2.01 EPS. Equities research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares of the company's stock, valued at $518,410.90. This represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. The trade was a 58.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,372 shares of company stock worth $1,858,684 in the last 90 days. 0.64% of the stock is owned by company insiders.

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.