Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,981 shares of the company's stock after acquiring an additional 10,283 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Kimberly-Clark were worth $12,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMB. Rhumbline Advisers increased its stake in shares of Kimberly-Clark by 0.5% during the 4th quarter. Rhumbline Advisers now owns 728,728 shares of the company's stock worth $95,492,000 after purchasing an additional 3,273 shares during the last quarter. Schroder Investment Management Group raised its stake in Kimberly-Clark by 2.8% in the fourth quarter. Schroder Investment Management Group now owns 464,053 shares of the company's stock valued at $60,615,000 after buying an additional 12,768 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Kimberly-Clark by 16.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 279,044 shares of the company's stock valued at $36,776,000 after buying an additional 38,529 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Kimberly-Clark by 3.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 844,363 shares of the company's stock valued at $110,645,000 after buying an additional 26,345 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Kimberly-Clark by 293.9% during the 4th quarter. Retirement Systems of Alabama now owns 288,374 shares of the company's stock worth $37,789,000 after acquiring an additional 215,164 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, 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 value of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.64% of the company's stock.

Kimberly-Clark Price Performance

NYSE KMB traded down $1.07 during trading hours on Wednesday, reaching $138.43. The company's stock had a trading volume of 2,047,322 shares, compared to its average volume of 2,172,073. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company's 50-day moving average is $137.63 and its two-hundred day moving average is $135.48. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 18.34, a P/E/G 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.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $4.90 billion. During the same quarter in the prior year, the company posted $2.01 earnings per share. On average, equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.64%. Kimberly-Clark's dividend payout ratio is presently 68.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Royal Bank of Canada dropped their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Piper Sandler lowered their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. UBS Group boosted their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Finally, Wells Fargo & Company raised 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $145.08.

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.