Voya Investment Management LLC Purchases 8,666 Shares of Kimberly-Clark Co. (NYSE:KMB)

Voya Investment Management LLC increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,963 shares of the company's stock after purchasing an additional 8,666 shares during the quarter. Voya Investment Management LLC's holdings in Kimberly-Clark were worth $20,044,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC increased its holdings in Kimberly-Clark by 77.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock worth $1,807,000 after purchasing an additional 6,016 shares in the last quarter. Pensionfund Sabic raised its holdings in Kimberly-Clark by 45.5% in the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock valued at $1,677,000 after buying an additional 4,000 shares during the last quarter. Barclays PLC boosted its position in 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 during the period. Aprio Wealth Management LLC grew its holdings in Kimberly-Clark by 20.0% during the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company's stock worth $366,000 after acquiring an additional 466 shares during the last quarter. Finally, West Oak Capital LLC increased its position in Kimberly-Clark by 20,377.6% in the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock valued at $4,428,000 after acquiring an additional 33,623 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Down 1.4 %

Shares of KMB stock traded down $1.90 on Thursday, hitting $129.88. The stock had a trading volume of 1,964,346 shares, compared to its average volume of 2,125,881. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The business has a 50 day moving average of $139.14 and a 200 day moving average of $135.32. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a market cap of $43.10 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm earned $2.01 EPS. As a group, analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on KMB shares. Piper Sandler reduced 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. StockNews.com cut Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Evercore ISI reduced their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, UBS Group increased their target price on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $145.08.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 1,794 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the transaction, the insider now directly owns 3,098 shares in the company, valued at $405,032.52. The trade was a 36.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Andrew Drexler sold 2,500 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares in the company, valued at approximately $357,420. The trade was a 49.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,132 shares of company stock worth $2,112,706. 0.64% of the stock is owned by company insiders.

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.