Nisa Investment Advisors LLC reduced its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 21.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,315 shares of the company's stock after selling 17,020 shares during the period. Nisa Investment Advisors LLC's holdings in Kimberly-Clark were worth $9,084,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings 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 in the last quarter. Geode Capital Management LLC grew its stake in Kimberly-Clark by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock worth $1,113,444,000 after buying an additional 797,953 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Kimberly-Clark by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock worth $986,616,000 after buying an additional 417,118 shares in the last quarter. Invesco Ltd. increased its holdings in Kimberly-Clark by 21.9% in 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 during the period. Finally, Norges Bank acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $582,592,000. Institutional investors and hedge funds own 76.29% of the company's stock.
Insider Activity at Kimberly-Clark
In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the sale, the insider owned 3,098 shares of the company's stock, valued at approximately $405,032.52. This represents a 36.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.
Kimberly-Clark Stock Up 0.3%
Shares of NYSE KMB opened at $131.95 on Friday. The company has a 50 day simple moving average of $134.35 and a 200 day simple moving average of $134.73. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The firm has a market cap of $43.78 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35.
Kimberly-Clark (NYSE:KMB - Get Free Report) last released 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 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 quarter last year, the firm earned $2.01 earnings per share. On average, research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.
Kimberly-Clark Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were given a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.82%. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.
Wall Street Analyst Weigh In
KMB has been the topic of a number of recent analyst reports. Evercore ISI decreased their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada decreased their price target on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler dropped their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, March 28th. Finally, UBS Group boosted their target price on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $143.50.
Get Our Latest Analysis on Kimberly-Clark
Kimberly-Clark Company Profile
(
Free Report)
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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