Wealthfront Advisers LLC Acquires 3,757 Shares of Kimberly-Clark Co. (NYSE:KMB)

Wealthfront Advisers LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,811 shares of the company's stock after purchasing an additional 3,757 shares during the period. Wealthfront Advisers LLC's holdings in Kimberly-Clark were worth $6,515,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Pinkerton Retirement Specialists LLC raised its stake in shares of Kimberly-Clark by 1.0% in the first quarter. Pinkerton Retirement Specialists LLC now owns 34,354 shares of the company's stock valued at $4,886,000 after acquiring an additional 347 shares during the last quarter. West Family Investments Inc. bought a new position in shares of Kimberly-Clark in the first quarter valued at approximately $334,000. Graybill Wealth Management LTD. bought a new position in shares of Kimberly-Clark in the first quarter valued at approximately $434,000. United Community Bank raised its stake in shares of Kimberly-Clark by 340.0% in the first quarter. United Community Bank now owns 18,518 shares of the company's stock valued at $2,634,000 after acquiring an additional 14,309 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after acquiring an additional 718,720 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on KMB. Piper Sandler began coverage on shares of Kimberly-Clark in a research note on Friday. They issued an "overweight" rating and a $144.00 target price for the company. Evercore ISI lowered their price target 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. JPMorgan Chase & Co. raised their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a report on Friday, April 11th. UBS Group lowered their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $141.50.

Insider Buying and Selling

In related news, insider Katy Chen sold 740 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider directly owned 3,997 shares of the company's stock, valued at approximately $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.64% of the company's stock.

Kimberly-Clark Trading Down 0.3%

KMB traded down $0.38 during trading on Friday, reaching $127.53. 3,787,074 shares of the company's stock were exchanged, compared to its average volume of 2,305,608. The company's fifty day moving average price is $133.91 and its 200-day moving average price is $134.59. 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 fifty-two week low of $124.10 and a fifty-two week high of $150.45. The firm has a market capitalization of $42.32 billion, a PE ratio of 16.89, 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 earnings per share (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 company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business earned $2.01 EPS. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were given a $1.26 dividend. The ex-dividend date was Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.95%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

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.