Oxbow Advisors LLC Acquires 2,381 Shares of Kimberly-Clark Co. (NYSE:KMB)

Oxbow Advisors LLC raised its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,872 shares of the company's stock after acquiring an additional 2,381 shares during the period. Oxbow Advisors LLC's holdings in Kimberly-Clark were worth $7,093,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Kimberly-Clark by 15.1% during the fourth 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. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 797,953 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 purchasing an additional 417,118 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Kimberly-Clark by 21.9% during the fourth quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock worth $740,868,000 after purchasing an additional 1,015,141 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Kimberly-Clark during the fourth quarter worth $582,592,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays cut their price target on Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. Piper Sandler cut their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. 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 note on Wednesday, April 23rd. Finally, UBS Group increased their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Two 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 MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $143.40.

Kimberly-Clark Stock Performance

Shares of KMB traded up $0.88 during mid-day trading on Wednesday, reaching $127.63. The company's stock had a trading volume of 2,022,143 shares, compared to its average volume of 2,220,996. 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 $42.35 billion, a P/E ratio of 16.90, a PEG ratio of 4.46 and a beta of 0.35. The business has a 50-day simple moving average of $134.14 and a two-hundred day simple moving average of $134.66. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

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, beating 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 company had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same period last year, the firm posted $2.01 earnings per share. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

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 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 3.95%. Kimberly-Clark's payout ratio is currently 68.66%.

Insiders Place Their Bets

In related news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction that occurred 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 completion of the sale, the insider directly owned 3,997 shares of the company's stock, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company's stock.

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.