Convergence Investment Partners LLC Has $2.97 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Convergence Investment Partners LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 64.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,862 shares of the company's stock after buying an additional 8,192 shares during the quarter. Kimberly-Clark comprises 0.8% of Convergence Investment Partners LLC's investment portfolio, making the stock its 27th largest holding. Convergence Investment Partners LLC's holdings in Kimberly-Clark were worth $2,967,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Elevate Capital Advisors LLC grew its position in Kimberly-Clark by 46.4% in the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock valued at $1,770,000 after acquiring an additional 3,944 shares during the period. Schroder Investment Management Group grew its position in Kimberly-Clark by 2.8% in the fourth 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 period. Unigestion Holding SA grew its position in Kimberly-Clark by 8.2% in the first 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 period. OVERSEA CHINESE BANKING Corp Ltd grew its position in Kimberly-Clark by 270.2% in the first 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 period. Finally, Farmers Trust Co. grew its position in Kimberly-Clark by 108.6% in the first 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 period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider owned 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.64% of the company's stock.

Kimberly-Clark Stock Performance

KMB traded down $0.37 during trading on Friday, hitting $127.38. The stock had a trading volume of 1,549,426 shares, compared to its average volume of 2,289,375. The company has a 50 day moving average price of $133.19 and a 200-day moving average price of $134.52. The firm has a market cap of $42.27 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the previous year, the firm earned $2.01 EPS. As a group, research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.96%. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KMB shares. Barclays decreased their target price on Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. Piper Sandler initiated coverage on Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. Evercore ISI cut their target price on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company increased their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $141.50.

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.