Wellington Management Group LLP Has $3.79 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Wellington Management Group LLP raised its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,884 shares of the company's stock after purchasing an additional 7,729 shares during the quarter. Wellington Management Group LLP's holdings in Kimberly-Clark were worth $3,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Kimberly-Clark by 12.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 94,981 shares of the company's stock valued at $12,446,000 after acquiring an additional 10,283 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter valued at $142,000. Probity Advisors Inc. acquired a new stake in Kimberly-Clark during the 4th quarter valued at $223,000. Smith Shellnut Wilson LLC ADV grew its holdings in Kimberly-Clark by 8.6% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 1,935 shares of the company's stock valued at $254,000 after purchasing an additional 154 shares in the last quarter. Finally, Siemens Fonds Invest GmbH increased its stake in Kimberly-Clark by 9.6% during the 4th quarter. Siemens Fonds Invest GmbH now owns 15,484 shares of the company's stock worth $2,023,000 after buying an additional 1,358 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Insider Buying and Selling

In related news, insider Katy Chen sold 1,794 shares of Kimberly-Clark stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total value of $234,547.56. Following the transaction, the insider now owns 3,098 shares of the company's stock, valued at approximately $405,032.52. This trade represents a 36.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by insiders.

Kimberly-Clark Price Performance

Shares of KMB traded down $1.75 during midday trading on Friday, reaching $133.55. The stock had a trading volume of 2,575,720 shares, compared to its average volume of 2,181,340. 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 company has a market capitalization of $44.31 billion, a P/E ratio of 17.69, a P/E/G ratio of 4.46 and a beta of 0.35. The firm's 50 day moving average price is $137.50 and its 200-day moving average price is $135.48. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share 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 company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the company earned $2.01 EPS. On average, analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's payout ratio is 68.66%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KMB. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Piper Sandler dropped their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. UBS Group boosted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. Finally, Evercore ISI lowered 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus price target of $145.08.

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.