Kimberly-Clark Co. (NYSE:KMB) Position Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 25.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,626 shares of the company's stock after selling 56,908 shares during the period. Allspring Global Investments Holdings LLC's holdings in Kimberly-Clark were worth $23,546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Elevated Capital Advisors LLC grew its position in shares of Kimberly-Clark by 1.0% during the first quarter. Elevated Capital Advisors LLC now owns 10,060 shares of the company's stock worth $1,431,000 after buying an additional 96 shares in the last quarter. 3Chopt Investment Partners LLC acquired a new position in Kimberly-Clark during the 1st quarter worth $914,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Kimberly-Clark by 12.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 314,100 shares of the company's stock worth $44,197,000 after purchasing an additional 35,056 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Kimberly-Clark by 51.9% in the 1st quarter. Oakworth Capital Inc. now owns 2,210 shares of the company's stock valued at $314,000 after purchasing an additional 755 shares in the last quarter. Finally, Achmea Investment Management B.V. lifted its position in shares of Kimberly-Clark by 2.2% during the first quarter. Achmea Investment Management B.V. now owns 215,323 shares of the company's stock worth $30,624,000 after purchasing an additional 4,675 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group boosted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. upped 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. Royal Bank Of Canada decreased their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company increased their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $143.50.

Kimberly-Clark Stock Performance

Shares of KMB traded up $0.17 during midday trading on Thursday, hitting $132.53. 1,015,997 shares of the stock traded hands, compared to its average volume of 2,204,333. The business's 50 day moving average price is $134.26 and its two-hundred day moving average price is $134.70. The firm has a market capitalization of $43.97 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. 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 Co. has a 1-year low of $124.10 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the business posted $2.01 EPS. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were paid a $1.26 dividend. The ex-dividend date was Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.80%. Kimberly-Clark's payout ratio is 68.66%.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 1,794 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.64% of the company's stock.

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.