Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 12.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 314,100 shares of the company's stock after purchasing an additional 35,056 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.09% of Kimberly-Clark worth $44,197,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. First Pacific Financial acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth $26,000. Minot DeBlois Advisors LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter worth about $29,000. Menard Financial Group LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter worth about $38,000. OFI Invest Asset Management purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth about $38,000. Finally, Whipplewood Advisors LLC grew its holdings in shares of Kimberly-Clark by 329.6% during the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company's stock worth $47,000 after purchasing an additional 234 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Insider Activity

In related news, insider Katy Chen sold 1,794 shares of Kimberly-Clark stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the sale, the insider directly owned 3,098 shares in the company, valued at $405,032.52. The trade was a 36.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.64% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on KMB. Evercore ISI decreased their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barclays decreased their target price on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Finally, Piper Sandler lowered their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Two equities 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $143.50.

Kimberly-Clark Stock Performance

NYSE:KMB traded up $1.03 during mid-day trading on Monday, hitting $128.92. The stock had a trading volume of 2,172,599 shares, compared to its average volume of 2,198,463. 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 company has a 50 day simple moving average of $134.63 and a 200-day simple moving average of $134.76. The stock has a market capitalization of $42.78 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45.

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. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same quarter last year, the business earned $2.01 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal 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 given a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.91%. Kimberly-Clark's dividend payout ratio (DPR) 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.