Man Group plc Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Man Group plc cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 21.2% during the 4th quarter, Holdings Channel reports. The firm owned 634,703 shares of the company’s stock after selling 170,871 shares during the period. Man Group plc’s holdings in Kimberly-Clark were worth $83,171,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. Barclays reduced their target price on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. UBS Group upped their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. Finally, Piper Sandler lowered their price objective on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $145.08.

Kimberly-Clark Stock Down 1.9%

Shares of Kimberly-Clark stock opened at $134.05 on Wednesday. The company has a 50-day simple moving average of $137.61 and a two-hundred day simple moving average of $134.71. The stock has a market capitalization of $44.48 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-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.

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

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.76%. Kimberly-Clark’s dividend payout ratio is presently 68.66%.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Katy Chen sold 740 shares of the business’s stock in a transaction on 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 owns 3,997 shares of the company’s stock, valued at approximately $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,872 shares of company stock valued at $2,208,684 over the last three months. Insiders own 0.64% of the company’s stock.

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.