Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Conning Inc.

Conning Inc. cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 8.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 248,464 shares of the company's stock after selling 22,474 shares during the quarter. Conning Inc. owned about 0.07% of Kimberly-Clark worth $35,337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SageView Advisory Group LLC boosted its position in Kimberly-Clark by 4.5% during the fourth quarter. SageView Advisory Group LLC now owns 1,706 shares of the company's stock worth $224,000 after purchasing an additional 74 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock valued at $577,000 after buying an additional 74 shares in the last quarter. Tudor Financial Inc. raised its stake in shares of Kimberly-Clark by 3.8% during the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after buying an additional 75 shares during the last quarter. Park National Corp OH boosted its position in shares of Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after buying an additional 77 shares in the last quarter. Finally, Hoge Financial Services LLC grew its stake in Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock valued at $271,000 after acquiring an additional 77 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Katy Chen sold 740 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the sale, the insider directly owned 3,997 shares in the company, valued at $518,410.90. This represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $132.53 on Friday. The company has a market cap of $43.97 billion, a P/E ratio of 17.55, a P/E/G ratio of 4.46 and a beta of 0.35. The business has a fifty day simple moving average of $134.26 and a 200-day simple moving average of $134.71. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week 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.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. The company 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 business earned $2.01 EPS. Equities research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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

Analysts Set New Price Targets

KMB has been the subject of a number of research reports. Evercore ISI cut their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective 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. Piper Sandler lowered their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. UBS Group boosted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Finally, Barclays reduced their price objective on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $143.50.

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.

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