Laurion Capital Management LP decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 40.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,300 shares of the company's stock after selling 27,263 shares during the quarter. Laurion Capital Management LP's holdings in Kimberly-Clark were worth $5,281,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Kimberly-Clark by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares during the period. Norges Bank bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $582,592,000. First Trust Advisors LP grew its stake in Kimberly-Clark by 163.1% in the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company's stock valued at $280,786,000 after buying an additional 1,328,341 shares during the last quarter. Invesco Ltd. raised its holdings in Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock valued at $740,868,000 after acquiring an additional 1,015,141 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Kimberly-Clark during the fourth quarter worth approximately $127,436,000. Institutional investors and hedge funds own 76.29% of the company's stock.
Insider Activity at Kimberly-Clark
In other news, insider Katy Chen sold 740 shares of the 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. This represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction on Friday, February 28th. The stock was 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 in the company, valued at $1,088,520. This represents a 58.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,872 shares of company stock valued at $2,208,684. 0.64% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on KMB shares. Royal Bank of Canada decreased 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. Piper Sandler decreased their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. StockNews.com cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Citigroup lowered their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research report on Wednesday, January 15th. 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $145.08.
Check Out Our Latest Stock Analysis on Kimberly-Clark
Kimberly-Clark Price Performance
KMB stock traded up $3.83 during mid-day trading on Thursday, hitting $137.34. The stock had a trading volume of 2,625,819 shares, compared to its average volume of 2,155,758. The firm has a fifty day simple moving average of $137.38 and a 200 day simple moving average of $134.70. The firm has a market capitalization of $45.57 billion, a P/E ratio of 18.19, a P/E/G ratio of 4.46 and a beta of 0.35. 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 Co. has a 52 week low of $124.10 and a 52 week high of $150.45.
Kimberly-Clark (NYSE:KMB - Get Free Report) last issued 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 return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the company posted $2.01 EPS. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.
Kimberly-Clark Dividend Announcement
The business also recently declared 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. This represents a $5.04 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.
About Kimberly-Clark
(
Free Report)
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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