Raymond James Financial Services Advisors Inc. Has $17.69 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Raymond James Financial Services Advisors Inc. lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 20.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,765 shares of the company's stock after selling 34,646 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in Kimberly-Clark were worth $17,691,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KMB. OFI Invest Asset Management bought a new position in Kimberly-Clark during the third quarter worth $25,000. Rise Advisors LLC raised its stake in Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company's stock worth $25,000 after buying an additional 176 shares during the last quarter. Cranbrook Wealth Management LLC raised its stake in Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company's stock worth $26,000 after buying an additional 100 shares during the last quarter. Accordant Advisory Group Inc bought a new position in Kimberly-Clark during the first quarter worth $27,000. Finally, Centerpoint Advisors LLC raised its stake in Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company's stock worth $33,000 after buying an additional 175 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on KMB. Bank of America lifted their price target on shares of Kimberly-Clark from $110.00 to $115.00 and gave the company an "underperform" rating in a research note on Wednesday, April 24th. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. Piper Sandler lifted their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. Evercore ISI raised shares of Kimberly-Clark from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an "underweight" rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of "Hold" and a consensus price target of $134.85.

Kimberly-Clark Stock Up 0.1 %

Kimberly-Clark stock traded up $0.08 during midday trading on Thursday, hitting $136.55. 1,687,240 shares of the stock were exchanged, compared to its average volume of 2,230,353. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $147.02. The stock has a market capitalization of $45.98 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 3.89 and a beta of 0.38. The business's 50-day moving average price is $127.19 and its 200-day moving average price is $123.33. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.08 billion. During the same period in the previous year, the company earned $1.67 earnings per share. The firm's revenue for the quarter was down .9% compared to the same quarter last year. On average, research analysts expect that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.57%. Kimberly-Clark's payout ratio is 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business's stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business's stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Andrew Drexler sold 2,500 shares of the business's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now owns 8,053 shares in the company, valued at $1,101,891.99. The disclosure for this sale can be found here. Insiders have sold a total of 20,562 shares of company stock worth $2,808,345 over the last three months. 0.62% of the stock is currently owned by insiders.

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.

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