Rhumbline Advisers Boosts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Rhumbline Advisers raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 755,579 shares of the company's stock after purchasing an additional 26,851 shares during the period. Rhumbline Advisers owned 0.23% of Kimberly-Clark worth $107,458,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Marshall Investment Management LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kimberly-Clark during the fourth quarter valued at about $25,000. Minot DeBlois Advisors LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at about $29,000. Roxbury Financial LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at about $33,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth about $32,000. Institutional investors own 76.29% of the company's stock.

Insider Activity at Kimberly-Clark

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 completion of the transaction, the insider now owns 3,098 shares in the company, valued at $405,032.52. The trade was a 36.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is owned by company insiders.

Kimberly-Clark Stock Performance

Shares of KMB stock traded down $3.13 on Thursday, hitting $135.30. The company had a trading volume of 3,515,368 shares, compared to its average volume of 2,179,762. The firm has a market cap of $44.89 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The company has a 50-day moving average price of $137.50 and a 200-day moving average price of $135.48. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

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 business had revenue of $4.84 billion during the quarter, compared to analysts' expectations 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 firm posted $2.01 EPS. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.73%. Kimberly-Clark's dividend payout ratio is presently 68.66%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Piper Sandler dropped their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company boosted 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. Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Barclays dropped their price target on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. Two equities research 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 MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and a consensus price target 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.