Allspring Global Investments Holdings LLC Sells 31,850 Shares of Kimberly-Clark Co. (NYSE:KMB)

Allspring Global Investments Holdings LLC cut its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 627,811 shares of the company's stock after selling 31,850 shares during the period. Allspring Global Investments Holdings LLC owned 0.19% of Kimberly-Clark worth $76,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fairfield Bush & CO. acquired a new position in shares of Kimberly-Clark in the first quarter valued at $96,000. Sei Investments Co. grew its stake in Kimberly-Clark by 22.2% in the 1st quarter. Sei Investments Co. now owns 190,867 shares of the company's stock valued at $23,483,000 after buying an additional 34,646 shares during the last quarter. Baird Financial Group Inc. raised its holdings in Kimberly-Clark by 2.8% in the 1st quarter. Baird Financial Group Inc. now owns 292,834 shares of the company's stock valued at $36,066,000 after acquiring an additional 7,878 shares during the period. Merit Financial Group LLC raised its holdings in Kimberly-Clark by 23.9% in the 1st quarter. Merit Financial Group LLC now owns 4,102 shares of the company's stock valued at $505,000 after acquiring an additional 791 shares during the period. Finally, NewEdge Advisors LLC lifted its position in Kimberly-Clark by 28.7% during the first quarter. NewEdge Advisors LLC now owns 20,180 shares of the company's stock worth $2,485,000 after acquiring an additional 4,503 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the transaction, the insider now owns 17,229 shares of the company's stock, valued at $2,084,709. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Tristram Wilkinson sold 3,720 shares of the business's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the transaction, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark T. Smucker purchased 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The stock was bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the acquisition, the director now directly owns 827 shares of the company's stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Insiders own 0.62% of the company's stock.

Kimberly-Clark Trading Down 0.6 %

Shares of NYSE:KMB traded down $0.78 during midday trading on Wednesday, hitting $127.16. 1,660,813 shares of the stock were exchanged, compared to its average volume of 2,098,993. The business's 50-day moving average price is $123.66 and its 200 day moving average price is $122.15. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $147.87. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. The stock has a market capitalization of $42.84 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 3.87 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.02). The company had revenue of $5 billion during the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.54 earnings per share. Analysts predict that Kimberly-Clark Co. will post 6.83 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were given a $1.22 dividend. The ex-dividend date was Thursday, March 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.84%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.18. Kimberly-Clark's payout ratio is 93.85%.

Wall Street Analyst Weigh In

KMB has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Kimberly-Clark from $125.00 to $131.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 28th. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group initiated coverage on shares of Kimberly-Clark in a research report on Friday, March 1st. They set a "buy" rating and a $135.00 price target on the stock. Barclays cut their price objective on shares of Kimberly-Clark from $128.00 to $124.00 and set an "equal weight" rating for the company in a report on Friday, January 26th. Finally, Piper Sandler raised their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $131.86.

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.