Kestra Private Wealth Services LLC Trims Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Kestra Private Wealth Services LLC decreased its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 12.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,792 shares of the company's stock after selling 3,936 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Kimberly-Clark were worth $3,810,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Kimberly-Clark by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock worth $4,605,079,000 after acquiring an additional 4,603,787 shares during the period. Geode Capital Management LLC raised its position in shares of Kimberly-Clark by 10.4% during 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 purchasing an additional 797,953 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in 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 worth $986,616,000 after buying an additional 417,118 shares during the period. Invesco Ltd. increased its stake in Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock worth $740,868,000 after buying an additional 1,015,141 shares in the last quarter. Finally, Norges Bank bought a new stake in Kimberly-Clark during the fourth quarter valued at about $582,592,000. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider owned 3,997 shares in the company, valued at $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered their price target on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Piper Sandler began coverage on shares of Kimberly-Clark in a research note on Friday. They set an "overweight" rating and a $144.00 target price for the company. Barclays decreased their price target on shares of Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. UBS Group cut their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $141.50.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $127.53 on Monday. The firm has a market capitalization of $42.32 billion, a PE ratio of 16.89, a PEG ratio of 4.46 and a beta of 0.35. The stock's fifty day moving average is $133.81 and its 200 day moving average is $134.62. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share 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 business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the firm posted $2.01 earnings per share. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were paid a dividend of $1.26 per share. The ex-dividend date was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.95%. Kimberly-Clark's dividend payout ratio is 68.66%.

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.

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