Envestnet Portfolio Solutions Inc. Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Envestnet Portfolio Solutions Inc. cut its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 73.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,054 shares of the company's stock after selling 38,429 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Kimberly-Clark were worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after acquiring an additional 2,765 shares in the last quarter. Private Advisor Group LLC raised its holdings in Kimberly-Clark by 1.2% in the 4th quarter. Private Advisor Group LLC now owns 37,632 shares of the company's stock worth $4,931,000 after purchasing an additional 457 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Kimberly-Clark by 4.1% in the 4th quarter. Sigma Planning Corp now owns 19,468 shares of the company's stock worth $2,551,000 after purchasing an additional 768 shares during the period. Fisher Funds Management LTD bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $3,127,000. Finally, Marshall Investment Management LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at about $25,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on KMB shares. Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Piper Sandler dropped their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. UBS Group raised their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Finally, Barclays reduced their target price on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $143.73.

Kimberly-Clark Stock Up 0.3%

NYSE:KMB opened at $128.29 on Monday. 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 $42.57 billion, a P/E ratio of 16.99, a P/E/G ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The firm has a 50-day simple moving average of $135.96 and a two-hundred day simple moving average of $134.89.

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, beating analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the prior year, the company posted $2.01 earnings per share. Analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be issued a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.93%. Kimberly-Clark's payout ratio is 68.66%.

Insiders Place Their Bets

In related news, insider Katy Chen sold 740 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider now owns 3,997 shares in the company, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.64% of the stock is owned by insiders.

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.

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