GAMMA Investing LLC Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

GAMMA Investing LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 22.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,374 shares of the company's stock after selling 3,799 shares during the quarter. GAMMA Investing LLC's holdings in Kimberly-Clark were worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $29,000. OFI Invest Asset Management acquired a new position in Kimberly-Clark during the 4th quarter valued at approximately $38,000. Menard Financial Group LLC acquired a new position in Kimberly-Clark during the 4th quarter valued at approximately $38,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Kimberly-Clark in the fourth quarter worth $44,000. Finally, Whipplewood Advisors LLC lifted its stake in shares of Kimberly-Clark by 329.6% during the first quarter. Whipplewood Advisors LLC now owns 305 shares of the company's stock worth $47,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KMB shares. Piper Sandler cut their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, March 28th. Barclays decreased 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. Royal Bank Of Canada dropped their target price on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three 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 price target of $143.50.

Insider Activity at Kimberly-Clark

In other news, insider Katy Chen sold 1,794 shares of the company's 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 completion of the sale, the insider owned 3,098 shares of the company's stock, valued at $405,032.52. This represents a 36.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Kimberly-Clark Price Performance

KMB traded up $0.45 during trading on Wednesday, reaching $132.06. 1,103,690 shares of the stock were exchanged, compared to its average volume of 2,197,443. 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 $43.82 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The business's 50 day moving average price is $134.28 and its two-hundred day moving average price is $134.72.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted 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. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same period last year, the firm posted $2.01 EPS. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.82%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is presently 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.