Strategic Global Advisors LLC Has $1.16 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Strategic Global Advisors LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,857 shares of the company’s stock after selling 2,570 shares during the period. Strategic Global Advisors LLC’s holdings in Kimberly-Clark were worth $1,161,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC boosted its position in Kimberly-Clark by 77.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock valued at $1,807,000 after purchasing an additional 6,016 shares during the last quarter. Barclays PLC boosted its holdings in shares of Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after buying an additional 273,813 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Kimberly-Clark by 0.5% in the fourth quarter. Rhumbline Advisers now owns 728,728 shares of the company’s stock valued at $95,492,000 after buying an additional 3,273 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of Kimberly-Clark by 26.4% in the fourth quarter. Merit Financial Group LLC now owns 9,574 shares of the company’s stock valued at $1,255,000 after buying an additional 2,002 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Kimberly-Clark by 2.8% during the fourth quarter. Schroder Investment Management Group now owns 464,053 shares of the company’s stock worth $60,615,000 after buying an additional 12,768 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark 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 owns 2,553 shares in the company, valued at $357,420. The trade was a 49.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $95,978.00. Following the completion of the sale, the insider now directly owns 3,997 shares of the company’s stock, valued at $518,410.90. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,872 shares of company stock valued at $2,208,684. 0.64% of the stock is owned by company insiders.

Kimberly-Clark Trading Up 1.4%

Shares of NYSE:KMB opened at $139.33 on Friday. 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 $137.09 and a 200-day moving average of $134.75. 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 stock has a market cap of $46.23 billion, a PE ratio of 18.45, a P/E/G ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the firm posted $2.01 EPS. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.62%. Kimberly-Clark’s payout ratio is presently 68.66%.

Analyst Ratings Changes

A number of analysts have commented on KMB shares. Piper Sandler cut their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. UBS Group upped their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Wells Fargo & Company boosted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Finally, Royal Bank of Canada cut their price objective on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $145.08.

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.