CWA Asset Management Group LLC Trims Stock Position in Kimberly-Clark Co. (NYSE:KMB)

CWA Asset Management Group LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 57.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,678 shares of the company's stock after selling 6,418 shares during the quarter. CWA Asset Management Group LLC's holdings in Kimberly-Clark were worth $665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Kingswood Wealth Advisors LLC raised its position in shares of Kimberly-Clark by 13.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,656 shares of the company's stock valued at $664,000 after purchasing an additional 539 shares during the period. Roman Butler Fullerton & Co. purchased a new position in shares of Kimberly-Clark in the 1st quarter worth $210,000. Hoge Financial Services LLC grew its stake in shares of Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after buying an additional 77 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after buying an additional 74 shares in the last quarter. Finally, Clarius Group LLC boosted its stake in shares of Kimberly-Clark by 75.6% during the 1st quarter. Clarius Group LLC now owns 3,268 shares of the company's stock worth $465,000 after purchasing an additional 1,407 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

KMB stock traded up $0.33 during midday trading on Friday, hitting $128.29. 5,306,945 shares of the stock traded hands, compared to its average volume of 2,193,239. The firm has a market cap of $42.57 billion, a P/E ratio of 16.99, a PEG ratio of 4.46 and a beta of 0.38. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock's fifty day simple moving average is $135.96 and its 200-day simple moving average is $134.91. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the business earned $2.01 earnings per share. On average, analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.93%. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.

Insider Activity

In related news, insider Katy Chen sold 1,794 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the transaction, the insider now directly owns 3,098 shares in the company, valued at approximately $405,032.52. The trade was a 36.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KMB shares. Piper Sandler lowered their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company boosted their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, March 28th. Royal Bank Of Canada decreased their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Evercore ISI cut 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 note on Wednesday, April 23rd. Finally, Barclays cut their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $143.73.

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.