IFM Investors Pty Ltd Acquires 6,181 Shares of Kimberly-Clark Co. (NYSE:KMB)

IFM Investors Pty Ltd grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 10.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 67,680 shares of the company's stock after acquiring an additional 6,181 shares during the period. IFM Investors Pty Ltd's holdings in Kimberly-Clark were worth $9,630,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Elevate Capital Advisors LLC lifted its stake in Kimberly-Clark by 46.4% in the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after acquiring an additional 3,944 shares in the last quarter. Schroder Investment Management Group increased its stake in Kimberly-Clark by 2.8% in the 4th quarter. Schroder Investment Management Group now owns 464,053 shares of the company's stock valued at $60,615,000 after buying an additional 12,768 shares during the period. Unigestion Holding SA boosted its position in Kimberly-Clark by 8.2% during the first quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock valued at $18,145,000 after purchasing an additional 9,643 shares during the last quarter. Farmers Trust Co. boosted its holdings in Kimberly-Clark by 108.6% in the first quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock worth $6,412,000 after purchasing an additional 23,472 shares in the last quarter. Finally, NBC Securities Inc. boosted its stake in Kimberly-Clark by 106,600.0% during the 1st quarter. NBC Securities Inc. now owns 7,469 shares of the company's stock valued at $1,062,000 after purchasing an additional 7,462 shares during the period. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays reduced their price objective on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. UBS Group boosted their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Piper Sandler cut their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, March 28th. Finally, Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $143.50.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the 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 transaction, the insider directly owned 3,997 shares in the company, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is owned by company insiders.

Kimberly-Clark Price Performance

KMB stock traded up $0.17 during trading on Friday, hitting $132.53. 1,015,997 shares of the stock traded hands, compared to its average volume of 2,204,333. The stock has a market cap of $43.97 billion, a price-to-earnings ratio of 17.55, 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 current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a 50 day simple moving average of $134.28 and a 200 day simple moving average of $134.72.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. The firm 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. Equities analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were given a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.80%. Kimberly-Clark's payout ratio is 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.