Kimberly-Clark Co. $KMB Shares Sold by WBI Investments LLC

Key Points

• WBI Investments LLC reduced its stake in Kimberly-Clark Co. by 48.8% during the first quarter, holding 16,158 shares valued at approximately $2.3 million after selling 15,409 shares.
• Institutional investors currently own 76.29% of Kimberly-Clark’s stock, with firms like GAMMA Investing LLC significantly increasing their stakes by over 10,975.8%.
• Analysts have mixed views on the stock, with a consensus rating of "Hold" and an average price target of $142.70, following varied adjustments in price targets by several research firms.

WBI Investments LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 48.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,158 shares of the company's stock after selling 15,409 shares during the quarter. WBI Investments LLC's holdings in Kimberly-Clark were worth $2,298,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after acquiring an additional 2,765 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $590,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kimberly-Clark by 5.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,552 shares of the company's stock worth $8,590,000 after acquiring an additional 3,206 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $29,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Kimberly-Clark by 20.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 14,114 shares of the company's stock worth $1,849,000 after acquiring an additional 2,388 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded down $1.48 during mid-day trading on Friday, hitting $127.99. 1,442,291 shares of the company's stock traded hands, compared to its average volume of 2,302,469. The firm has a 50 day moving average price of $130.33 and a 200 day moving average price of $134.55. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market cap of $42.46 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the business earned $1.96 EPS. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's payout ratio is currently 69.42%.

Analyst Ratings Changes

KMB has been the subject of several research reports. UBS Group decreased their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler assumed coverage on Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target on the stock. Finally, Barclays raised their price target on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and an average target price of $142.70.

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.