Ensign Peak Advisors Inc Has $17.28 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Ensign Peak Advisors Inc trimmed its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 131,902 shares of the company's stock after selling 13,403 shares during the quarter. Ensign Peak Advisors Inc's holdings in Kimberly-Clark were worth $17,284,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. First Manhattan CO. LLC. lifted its stake in Kimberly-Clark by 5.1% in the fourth quarter. First Manhattan CO. LLC. now owns 21,272 shares of the company's stock valued at $2,961,000 after buying an additional 1,028 shares during the last quarter. FORA Capital LLC bought a new stake in Kimberly-Clark in the fourth quarter valued at $2,279,000. Deutsche Bank AG lifted its stake in Kimberly-Clark by 6.5% in the fourth quarter. Deutsche Bank AG now owns 1,615,081 shares of the company's stock valued at $211,640,000 after buying an additional 98,648 shares during the last quarter. Colonial Trust Co SC lifted its stake in Kimberly-Clark by 14.4% in the fourth quarter. Colonial Trust Co SC now owns 5,838 shares of the company's stock valued at $765,000 after buying an additional 737 shares during the last quarter. Finally, CoreCap Advisors LLC raised its stake in shares of Kimberly-Clark by 3.5% during the fourth quarter. CoreCap Advisors LLC now owns 30,283 shares of the company's stock valued at $3,968,000 after purchasing an additional 1,011 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded up $1.98 during midday trading on Friday, hitting $139.33. The company's stock had a trading volume of 2,310,026 shares, compared to its average volume of 2,161,397. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock's 50-day moving average price is $137.09 and its 200-day moving average price is $134.75. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The company has a market capitalization of $46.23 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping 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 firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same period in the previous year, the business earned $2.01 earnings per share. Analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KMB shares. Royal Bank of Canada cut their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler cut their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. Evercore ISI cut their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, StockNews.com cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $145.08.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the sale, the insider now owns 3,098 shares in the company, valued at approximately $405,032.52. The trade was a 36.67% decrease in their position. The transaction was disclosed in a 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 dated 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 approximately $1,088,520. The trade was a 58.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,872 shares of company stock worth $2,208,684. Company insiders own 0.64% of the company's stock.

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.