Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 48.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KMB. Vanguard Group Inc. lifted its stake 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 worth $4,605,079,000 after purchasing an additional 4,603,787 shares during the last quarter. Norges Bank acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at about $582,592,000. GAMMA Investing LLC grew its holdings in Kimberly-Clark by 10,975.8% during the first quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock worth $270,510,000 after acquiring an additional 1,884,877 shares during the period. First Trust Advisors LP grew its holdings in Kimberly-Clark by 163.1% during the fourth quarter. First Trust Advisors LP now owns 2,142,749 shares of the company's stock worth $280,786,000 after acquiring an additional 1,328,341 shares during the period. Finally, Trinity Financial Advisors LLC purchased a new position in shares of Kimberly-Clark in the first quarter valued at approximately $181,762,000. Institutional investors own 76.29% of the company's stock.

Insider Buying and Selling at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the company's stock in a transaction that occurred 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 sale, the insider 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 legal filing with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on KMB. JPMorgan Chase & Co. raised their target price on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Evercore ISI reduced their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler reduced their price objective 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. UBS Group lifted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and a consensus price target of $143.50.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock traded down $0.79 on Monday, hitting $131.33. The stock had a trading volume of 1,138,003 shares, compared to its average volume of 2,204,229. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market cap of $43.58 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 4.46 and a beta of 0.35. The company's 50 day moving average price is $134.28 and its 200 day moving average price is $134.77.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results 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. 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 analysts' expectations of $4.90 billion. During the same quarter in the previous year, the firm posted $2.01 EPS. On average, research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Friday, June 6th. Kimberly-Clark's dividend payout ratio is currently 68.66%.

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.