Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 34.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,934 shares of the company's stock after selling 37,900 shares during the period. Mackenzie Financial Corp's holdings in Kimberly-Clark were worth $8,619,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of Kimberly-Clark by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company's stock valued at $869,090,000 after purchasing an additional 177,712 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Kimberly-Clark by 1.7% during the first quarter. Geode Capital Management LLC now owns 6,465,213 shares of the company's stock valued at $866,180,000 after purchasing an additional 108,050 shares in the last quarter. American Century Companies Inc. grew its position in shares of Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company's stock valued at $603,815,000 after purchasing an additional 641,187 shares in the last quarter. Morgan Stanley grew its position in Kimberly-Clark by 4.6% in the third quarter. Morgan Stanley now owns 4,884,941 shares of the company's stock worth $590,345,000 after acquiring an additional 212,739 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its position in Kimberly-Clark by 123,302.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company's stock worth $601,394,000 after acquiring an additional 4,426,568 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on KMB shares. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $127.00 to $132.00 and gave the stock a "hold" rating in a research report on Thursday, March 28th. Piper Sandler lifted their price target on Kimberly-Clark from $145.00 to $152.00 and gave the stock an "overweight" rating in a research report on Thursday, March 28th. Evercore ISI upgraded Kimberly-Clark from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. The Goldman Sachs Group started coverage on Kimberly-Clark in a research report on Friday, March 1st. They issued a "buy" rating and a $135.00 price target for the company. Finally, HSBC lifted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "hold" rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $131.85.

Kimberly-Clark Trading Up 1.0 %

Shares of Kimberly-Clark stock traded up $1.22 on Friday, hitting $126.83. 4,795,826 shares of the company traded hands, compared to its average volume of 2,016,785. The stock's 50 day moving average price is $124.26 and its 200-day moving average price is $122.35. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.87. The company has a market cap of $42.73 billion, a PE ratio of 24.39, a PEG ratio of 3.74 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the firm posted $1.54 EPS. The business's revenue was up .7% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Co. will post 6.84 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Thursday, March 7th. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.18. Kimberly-Clark's payout ratio is currently 93.85%.

Insider Activity

In related news, insider Tristram Wilkinson sold 3,720 shares of the business's stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value 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 accessible through this link. In related news, insider Tristram Wilkinson sold 3,720 shares of the business's stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value 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 accessible through this link. Also, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the purchase, the director now directly owns 827 shares of the company's stock, valued at $100,050.46. The disclosure for this purchase can be found here. Insiders own 0.62% of the company's stock.

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.