Snowden Capital Advisors LLC Sells 16,462 Shares of Kimberly-Clark Co. (NYSE:KMB)

Snowden Capital Advisors LLC trimmed its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 65.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,700 shares of the company's stock after selling 16,462 shares during the quarter. Snowden Capital Advisors LLC's holdings in Kimberly-Clark were worth $1,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Kimberly-Clark by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares during the period. Norges Bank acquired a new stake in Kimberly-Clark in the 4th quarter valued at approximately $582,592,000. First Trust Advisors LP raised its stake in Kimberly-Clark by 163.1% during the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company's stock valued at $280,786,000 after acquiring an additional 1,328,341 shares in the last quarter. Invesco Ltd. boosted its position in Kimberly-Clark by 21.9% during the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock worth $740,868,000 after acquiring an additional 1,015,141 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Kimberly-Clark in the fourth quarter worth $127,436,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Down 1.0%

NYSE KMB traded down $1.39 on Thursday, reaching $139.69. The stock had a trading volume of 2,743,777 shares, compared to its average volume of 2,174,930. 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 Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The business has a 50 day moving average price of $137.16 and a 200 day moving average price of $134.89. The company has a market capitalization of $46.35 billion, a price-to-earnings ratio of 18.50, a P/E/G 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. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the previous year, the business posted $2.01 EPS. On average, analysts forecast that Kimberly-Clark Co. will post 7.5 EPS 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. Stockholders of record on Friday, June 6th will be issued 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 dividend yield of 3.61%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares in the company, valued at $1,088,520. This trade represents a 58.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Katy Chen sold 740 shares of the business's stock in a transaction 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 now owns 3,997 shares of the company's stock, valued at $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,872 shares of company stock valued at $2,208,684. Insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

KMB has been the topic of a number of research analyst reports. Evercore ISI lowered 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. Piper Sandler dropped their price objective 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. UBS Group raised 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. Wells Fargo & Company boosted their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $145.08.

Kimberly-Clark 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.