QRG Capital Management Inc. Has $15.60 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

QRG Capital Management Inc. raised its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,656 shares of the company's stock after acquiring an additional 6,067 shares during the period. QRG Capital Management Inc.'s holdings in Kimberly-Clark were worth $15,595,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares during the period. Norges Bank bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $582,592,000. GAMMA Investing LLC grew its stake in shares of Kimberly-Clark by 10,975.8% in the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock valued at $270,510,000 after purchasing an additional 1,884,877 shares during the period. First Trust Advisors LP grew its stake in shares of Kimberly-Clark by 163.1% in the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company's stock valued at $280,786,000 after purchasing an additional 1,328,341 shares during the period. Finally, Trinity Financial Advisors LLC bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $181,762,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analysts Set New Price Targets

KMB has been the topic of several analyst reports. UBS Group upped their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Royal Bank Of Canada decreased their price target on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Piper Sandler decreased their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and an average price target of $143.73.

Insider Activity

In other 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 now owns 3,997 shares of the company's stock, valued at $518,410.90. This represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Trading Down 0.8%

NYSE:KMB traded down $0.97 during trading hours on Wednesday, hitting $127.96. 3,087,751 shares of the stock were exchanged, compared to its average volume of 2,184,175. The company's 50 day moving average is $136.52 and its two-hundred day moving average is $135.11. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. 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 capitalization of $42.46 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the business earned $2.01 EPS. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is currently 68.66%.

Kimberly-Clark 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.