Voloridge Investment Management LLC Cuts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Voloridge Investment Management LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 95.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,593 shares of the company's stock after selling 201,659 shares during the period. Voloridge Investment Management LLC's holdings in Kimberly-Clark were worth $1,257,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KMB. Brighton Jones LLC raised its holdings in shares of Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after buying an additional 2,765 shares during the period. Foundations Investment Advisors LLC boosted its position in Kimberly-Clark by 4.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 7,977 shares of the company's stock valued at $1,045,000 after purchasing an additional 334 shares during the period. YHB Investment Advisors Inc. boosted its position in Kimberly-Clark by 3.4% during the 4th quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company's stock valued at $330,000 after purchasing an additional 83 shares during the period. Williams & Novak LLC acquired a new position in Kimberly-Clark during the 4th quarter worth $240,000. Finally, R Squared Ltd acquired a new position in Kimberly-Clark during the 4th quarter worth $493,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider now owns 3,997 shares in the company, valued at approximately $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.64% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Evercore ISI cut their target price 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. JPMorgan Chase & Co. upped their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. UBS Group boosted 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. Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Piper Sandler cut their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $145.08.

Kimberly-Clark Stock Up 0.0%

NYSE:KMB traded up $0.06 on Friday, hitting $143.90. The stock had a trading volume of 3,382,846 shares, compared to its average volume of 2,187,806. The firm's fifty day simple moving average is $137.66 and its two-hundred day simple moving average is $135.33. 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. The stock has a market cap of $47.75 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced 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. 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 the consensus estimate of $4.90 billion. During the same period last year, the firm earned $2.01 EPS. Analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's dividend 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.