Worldquant Millennium Advisors LLC Acquires 47,164 Shares of Kimberly-Clark Co. (NYSE:KMB)

Worldquant Millennium Advisors LLC raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 97.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,441 shares of the company's stock after buying an additional 47,164 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Kimberly-Clark were worth $12,507,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kimberly-Clark during the 4th quarter valued at about $25,000. Marshall Investment Management LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $25,000. Minot DeBlois Advisors LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $29,000. Golden State Wealth Management LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

NYSE:KMB traded up $0.70 during mid-day trading on Tuesday, reaching $142.25. The stock had a trading volume of 515,636 shares, compared to its average volume of 2,276,776. The firm has a 50 day moving average price of $137.23 and a two-hundred day moving average price of $135.07. The stock has a market capitalization of $47.20 billion, a P/E ratio of 18.84, a P/E/G ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a one year low of $124.10 and a one year 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 released its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. The company 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 company posted $2.01 EPS. As a group, analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.54%. Kimberly-Clark's payout ratio is 68.66%.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. The trade was a 58.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Katy Chen sold 740 shares of the business'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 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 position. The disclosure for this sale can be found here. Insiders sold 13,372 shares of company stock worth $1,858,684 in the last quarter. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on KMB. Piper Sandler reduced their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Barclays cut their price objective on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted 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. Royal Bank of Canada cut their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Evercore ISI cut their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $145.08.

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.