TD Private Client Wealth LLC Decreases Holdings in Kimberly-Clark Co. (NYSE:KMB)

TD Private Client Wealth LLC cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 93.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 343 shares of the company's stock after selling 4,607 shares during the period. TD Private Client Wealth LLC's holdings in Kimberly-Clark were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KMB. First Pacific Financial purchased a new stake in shares of Kimberly-Clark in the 1st quarter worth $26,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth $29,000. Rossby Financial LCC purchased a new stake in shares of Kimberly-Clark in the 1st quarter worth $37,000. Menard Financial Group LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth $38,000. Finally, Whipplewood Advisors LLC increased its stake in shares of Kimberly-Clark by 329.6% in the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company's stock worth $47,000 after purchasing an additional 234 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 1.9%

KMB opened at $129.38 on Friday. The firm has a 50-day simple moving average of $134.33 and a two-hundred day simple moving average of $134.73. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The company has a market capitalization of $42.93 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The company has a quick ratio of 0.54, a current ratio of 0.80 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 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 business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. Analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Friday, June 6th. Kimberly-Clark's payout ratio is 68.66%.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 1,794 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total value of $234,547.56. Following the completion of the transaction, the insider owned 3,098 shares of the company's stock, valued at approximately $405,032.52. This trade represents a 36.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

KMB has been the subject of several analyst reports. Piper Sandler reduced their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Evercore ISI dropped their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Royal Bank Of Canada dropped their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company upped their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $143.50.

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.

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