Mutual Advisors LLC Decreases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Mutual Advisors LLC reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 48.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,118 shares of the company's stock after selling 13,025 shares during the quarter. Mutual Advisors LLC's holdings in Kimberly-Clark were worth $1,858,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Kimberly-Clark by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after buying an additional 4,603,787 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Kimberly-Clark by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock valued at $1,113,444,000 after buying an additional 797,953 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Kimberly-Clark by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock valued at $986,616,000 after buying an additional 417,118 shares in the last quarter. Invesco Ltd. lifted its position in shares of Kimberly-Clark by 21.9% during the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock valued at $740,868,000 after buying an additional 1,015,141 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at about $582,592,000. 76.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 transaction of $95,978.00. Following the sale, the insider owned 3,997 shares in the company, valued at approximately $518,410.90. This represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of analyst reports. UBS Group lifted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Piper Sandler lowered their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI lowered their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada lowered their price target on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Two equities research 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $143.50.

Kimberly-Clark Price Performance

NYSE:KMB traded down $0.47 during trading hours on Monday, reaching $131.65. The stock had a trading volume of 2,158,050 shares, compared to its average volume of 2,208,079. 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 52 week low of $124.10 and a 52 week high of $150.45. The company has a 50 day moving average price of $134.30 and a two-hundred day moving average price of $134.77. The stock has a market capitalization of $43.68 billion, a PE ratio of 17.44, a PEG ratio of 4.46 and a beta of 0.35.

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

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.83%. Kimberly-Clark's payout ratio 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.