Nuveen Asset Management LLC Has $93.49 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Nuveen Asset Management LLC cut its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 713,424 shares of the company's stock after selling 116,839 shares during the quarter. Nuveen Asset Management LLC owned about 0.21% of Kimberly-Clark worth $93,487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMB. Barclays PLC raised its position in shares of Kimberly-Clark by 19.4% during the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock worth $239,267,000 after buying an additional 273,813 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Kimberly-Clark by 4.5% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,801 shares of the company's stock worth $629,000 after buying an additional 206 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Kimberly-Clark by 77.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock worth $1,807,000 after buying an additional 6,016 shares in the last quarter. Burney Co. grew its stake in shares of Kimberly-Clark by 6.8% in the 4th quarter. Burney Co. now owns 11,666 shares of the company's stock worth $1,529,000 after purchasing an additional 740 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Kimberly-Clark by 7.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 24,983 shares of the company's stock worth $3,274,000 after purchasing an additional 1,818 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider now owns 3,997 shares of the company's stock, valued at $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew Drexler sold 10,838 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,872 shares of company stock worth $2,208,684 over the last ninety days. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KMB. StockNews.com cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Evercore ISI lowered 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. JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. Piper Sandler lowered 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. Finally, Barclays lowered their price objective on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Two equities 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $145.08.

Kimberly-Clark Stock Up 0.6%

NYSE KMB traded up $0.81 during trading on Tuesday, reaching $141.60. The company's stock had a trading volume of 2,421,548 shares, compared to its average volume of 2,166,809. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market capitalization of $46.99 billion, a PE ratio of 18.75, a PEG ratio of 4.46 and a beta of 0.35. The business has a 50-day moving average price of $137.11 and a 200-day moving average price of $134.80. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same period in the previous year, the company earned $2.01 earnings per share. On average, research 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 announced 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. This represents a $5.04 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

About Kimberly-Clark

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.