Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. reduced its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 72.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,300 shares of the company's stock after selling 40,800 shares during the quarter. Intact Investment Management Inc.'s holdings in Kimberly-Clark were worth $2,176,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. SageView Advisory Group LLC lifted its holdings in shares of Kimberly-Clark by 4.5% in the 4th quarter. SageView Advisory Group LLC now owns 1,706 shares of the company's stock valued at $224,000 after buying an additional 74 shares during the period. Cornerstone Wealth Management LLC increased its stake in Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock valued at $577,000 after purchasing an additional 74 shares in the last quarter. Tudor Financial Inc. increased its stake in Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock valued at $290,000 after purchasing an additional 75 shares in the last quarter. Park National Corp OH increased its stake in Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company's stock valued at $431,000 after purchasing an additional 77 shares in the last quarter. Finally, Hoge Financial Services LLC increased its stake in Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock valued at $271,000 after purchasing an additional 77 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the sale, the insider now owns 3,997 shares of the company's stock, valued at $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective 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 dropped their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Evercore ISI dropped their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company raised their price objective 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 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $143.73.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded up $0.33 during mid-day trading on Friday, hitting $128.29. 5,306,945 shares of the company were exchanged, compared to its average volume of 2,193,239. 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 business's 50 day simple moving average is $135.96 and its two-hundred day simple moving average is $134.89. The company has a market capitalization of $42.57 billion, a P/E ratio of 16.99, a PEG ratio of 4.46 and a beta of 0.38. 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 announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate 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 business earned $2.01 earnings per share. Analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed 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. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Kimberly-Clark Company 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.