Kimberly-Clark Corporation $KMB Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lowered its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 11.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 76,450 shares of the company’s stock after selling 9,702 shares during the quarter. KCM Investment Advisors LLC’s holdings in Kimberly-Clark were worth $7,713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Kimberly-Clark by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock worth $4,121,027,000 after acquiring an additional 315,981 shares during the last quarter. State Street Corp boosted its position in shares of Kimberly-Clark by 1.4% during the fourth quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after buying an additional 294,228 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Kimberly-Clark by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after buying an additional 299,382 shares during the period. Geode Capital Management LLC boosted its position in shares of Kimberly-Clark by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after buying an additional 65,619 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Kimberly-Clark by 50.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after purchasing an additional 2,628,206 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on KMB shares. Barclays decreased their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft cut their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Piper Sandler cut their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, Bank of America cut their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $114.93.

Kimberly-Clark Price Performance

Shares of KMB opened at $102.29 on Friday. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $137.46. The stock’s 50 day moving average is $97.79 and its two-hundred day moving average is $100.96. The firm has a market capitalization of $33.95 billion, a PE ratio of 16.06, a P/E/G ratio of 4.59 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the company earned $1.93 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts anticipate that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 5.0%. Kimberly-Clark’s payout ratio is 80.38%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,096 shares of company stock valued at $689,687 over the last quarter. 0.75% of the stock is currently owned by insiders.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.