Envestnet Asset Management Inc. Has $49.39 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Envestnet Asset Management Inc. decreased its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 42.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 347,249 shares of the company's stock after selling 258,370 shares during the quarter. Envestnet Asset Management Inc. owned about 0.10% of Kimberly-Clark worth $49,386,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after buying an additional 4,603,787 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Kimberly-Clark by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock valued at $1,113,444,000 after buying an additional 797,953 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Kimberly-Clark by 5.9% in the 4th 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 in the last quarter. Invesco Ltd. grew its stake in shares of 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 buying an additional 1,015,141 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $582,592,000. Institutional investors own 76.29% of the company's stock.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction 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 sale, the insider owned 3,997 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock traded down $2.57 during midday trading on Friday, hitting $129.38. The company had a trading volume of 1,846,626 shares, compared to its average volume of 2,214,847. The business's 50 day simple moving average is $134.33 and its two-hundred day simple moving average is $134.73. The stock has a market cap of $42.93 billion, a PE ratio of 17.14, a P/E/G ratio of 4.46 and a beta of 0.35. 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 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 announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the company posted $2.01 earnings per share. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.90%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent analyst reports. Evercore ISI decreased their target price on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barclays decreased their target price on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Royal Bank Of Canada decreased their target price on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Piper Sandler decreased their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $143.50.

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.