Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Summit Global Investments

Summit Global Investments decreased its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 24.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 44,184 shares of the company's stock after selling 14,187 shares during the period. Summit Global Investments' holdings in Kimberly-Clark were worth $6,284,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $25,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $29,000. Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $33,000. 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 firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the sale, the insider now owns 3,098 shares in the company, valued at $405,032.52. This trade represents a 36.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.64% of the company's stock.

Kimberly-Clark Trading Up 0.0%

Shares of NYSE:KMB traded up $0.06 during trading on Friday, reaching $143.90. 3,382,846 shares of the stock were exchanged, compared to its average volume of 2,179,610. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The firm has a market cap of $47.75 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The firm's 50-day moving average price is $137.66 and its 200 day moving average price is $135.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period last year, the business posted $2.01 EPS. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.50%. Kimberly-Clark's payout ratio is currently 68.66%.

Analysts Set New Price Targets

KMB has been the topic of a number of analyst reports. UBS Group increased their price objective 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 increased 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. JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Evercore ISI reduced their target price on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada reduced their target price on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus price target of $145.08.

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.