Occudo Quantitative Strategies LP lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,432 shares of the company's stock after selling 2,167 shares during the quarter. Occudo Quantitative Strategies LP's holdings in Kimberly-Clark were worth $581,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Kimberly-Clark by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares during the last quarter. Norges Bank bought a new stake in shares of Kimberly-Clark during the 4th quarter worth $582,592,000. First Trust Advisors LP grew its stake in Kimberly-Clark by 163.1% in the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company's stock valued at $280,786,000 after buying an additional 1,328,341 shares during the last quarter. Invesco Ltd. raised its holdings in Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock worth $740,868,000 after acquiring an additional 1,015,141 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Kimberly-Clark during the 4th quarter worth $127,436,000. Institutional investors and hedge funds own 76.29% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on KMB shares. Piper Sandler lowered their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada dropped their price target on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI cut their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. raised 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. Finally, StockNews.com lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $145.08.
View Our Latest Stock Report on Kimberly-Clark
Kimberly-Clark Stock Performance
KMB traded up $0.15 during trading on Tuesday, reaching $140.94. 547,247 shares of the company's stock were exchanged, compared to its average volume of 2,159,520. The company has a market capitalization of $46.77 billion, a P/E ratio of 18.66, a PEG ratio of 4.46 and a beta of 0.35. 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 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 fifty-two week low of $124.10 and a fifty-two week high of $150.45.
Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $2.01 EPS. As a group, analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.
Kimberly-Clark Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's payout ratio is 68.66%.
Insider Activity
In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider now directly owns 3,997 shares in the company, valued at $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares in the company, valued at $1,088,520. This represents a 58.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,872 shares of company stock worth $2,208,684. Company insiders own 0.64% of the company's stock.
About Kimberly-Clark
(
Free Report)
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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