7,110 Shares in Kimberly-Clark Co. (NYSE:KMB) Bought by Teza Capital Management LLC

Teza Capital Management LLC purchased a new position in Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,110 shares of the company’s stock, valued at approximately $932,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kimberly-Clark during the fourth quarter valued at $25,000. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $25,000. Minot DeBlois Advisors LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $29,000. Golden State Wealth Management LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $32,000. Finally, Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KMB. Barclays cut their price target on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Piper Sandler cut their price target on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada cut their price target on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. UBS Group boosted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Finally, 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 research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $145.08.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares of the company’s stock, valued at approximately $357,420. This represents a 49.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Katy Chen sold 740 shares of the 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 sale, the insider now directly owns 3,997 shares of the company’s stock, valued at approximately $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,872 shares of company stock worth $2,208,684 in the last three months. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Trading Up 1.4%

Shares of KMB opened at $139.33 on Monday. The company’s fifty day simple moving average is $137.09 and its 200-day simple moving average is $134.75. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market cap of $46.23 billion, a P/E ratio of 18.45, a P/E/G ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS 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 firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the business posted $2.01 earnings per share. As a group, analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, June 6th. Kimberly-Clark’s payout ratio is 68.66%.

Kimberly-Clark Company 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.