Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Strategic Global Advisors LLC

Strategic Global Advisors LLC cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,857 shares of the company's stock after selling 2,570 shares during the quarter. Strategic Global Advisors LLC's holdings in Kimberly-Clark were worth $1,161,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC grew its stake in shares of Kimberly-Clark by 19.4% during the third quarter. Barclays PLC now owns 1,681,671 shares of the company's stock worth $239,267,000 after purchasing an additional 273,813 shares in the last quarter. Park Avenue Securities LLC raised its stake in Kimberly-Clark by 77.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock valued at $1,807,000 after buying an additional 6,016 shares in the last quarter. Carnegie Investment Counsel lifted its holdings in Kimberly-Clark by 1.5% during the 4th quarter. Carnegie Investment Counsel now owns 10,933 shares of the company's stock worth $1,433,000 after buying an additional 164 shares during the last quarter. Goldstone Financial Group LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $332,000. Finally, Avanza Fonder AB acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth about $4,728,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMB has been the subject of a number of research analyst reports. StockNews.com downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Evercore ISI dropped their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada decreased their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on 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, Piper Sandler decreased their target price 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $145.08.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock traded up $0.81 on Tuesday, reaching $141.60. 2,421,548 shares of the stock were exchanged, compared to its average volume of 2,168,290. The firm has a market capitalization of $46.99 billion, a PE ratio of 18.75, a PEG ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The business has a fifty day moving average price of $137.14 and a two-hundred day moving average price of $134.85. 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 issued its earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping 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 company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the firm earned $2.01 EPS. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 3.56%. Kimberly-Clark's payout ratio is currently 68.66%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares of the company's stock, valued at $1,088,520. This represents a 58.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katy Chen sold 740 shares of the firm's 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 transaction, the insider now directly owns 3,997 shares of the company's stock, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,872 shares of company stock worth $2,208,684. 0.64% of the stock is owned by company insiders.

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.