Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 129 Shares of Kimberly-Clark Co. (NYSE:KMB)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,577 shares of the company’s stock after selling 129 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Kimberly-Clark were worth $1,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KMB. Creekmur Asset Management LLC boosted its stake in shares of Kimberly-Clark by 76,471.4% in the 1st quarter. Creekmur Asset Management LLC now owns 5,360 shares of the company’s stock valued at $762,000 after purchasing an additional 5,353 shares in the last quarter. Graypoint LLC boosted its stake in Kimberly-Clark by 27.6% during the 1st quarter. Graypoint LLC now owns 5,589 shares of the company’s stock worth $795,000 after acquiring an additional 1,208 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in Kimberly-Clark by 7.2% during the 1st quarter. Verdence Capital Advisors LLC now owns 3,702 shares of the company’s stock worth $527,000 after purchasing an additional 250 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Kimberly-Clark by 0.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 22,951 shares of the company’s stock worth $3,264,000 after purchasing an additional 85 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Kimberly-Clark by 14.6% during the 1st quarter. Victory Capital Management Inc. now owns 1,100,875 shares of the company’s stock worth $156,566,000 after purchasing an additional 140,236 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In related news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the sale, the insider owned 3,997 shares of the company’s stock, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $144.00 price target on shares of Kimberly-Clark in a research note on Friday. Wall Street Zen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Wells Fargo & Company lifted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. Finally, Barclays decreased their target price on Kimberly-Clark from $135.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $141.50.

Kimberly-Clark Trading Up 0.3%

Shares of KMB stock traded up $0.43 during trading hours on Friday, hitting $128.34. 180,698 shares of the company were exchanged, compared to its average volume of 2,211,655. The firm has a market cap of $42.58 billion, a P/E ratio of 17.01, a P/E/G ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a 50 day simple moving average of $133.91 and a two-hundred day simple moving average of $134.59.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $2.01 EPS. Equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Friday, June 6th. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

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.