Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 48.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,118 shares of the company’s stock after selling 13,025 shares during the period. Mutual Advisors LLC’s holdings in Kimberly-Clark were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. SageView Advisory Group LLC grew its position in shares of Kimberly-Clark by 4.5% in the fourth quarter. SageView Advisory Group LLC now owns 1,706 shares of the company’s stock valued at $224,000 after purchasing an additional 74 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in Kimberly-Clark by 1.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after buying an additional 74 shares during the last quarter. Tudor Financial Inc. grew its holdings in Kimberly-Clark by 3.8% during the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after buying an additional 75 shares during the last quarter. Park National Corp OH increased its position in Kimberly-Clark by 2.6% during the first quarter. Park National Corp OH now owns 3,031 shares of the company’s stock worth $431,000 after buying an additional 77 shares in the last quarter. Finally, Hoge Financial Services LLC raised its holdings in shares of Kimberly-Clark by 4.2% in the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock worth $271,000 after acquiring an additional 77 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMB. Wall Street Zen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Royal Bank Of Canada lowered their price target 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. Evercore ISI reduced their price objective on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Barclays dropped their target price on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Finally, Piper Sandler decreased their price objective 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $143.50.

Kimberly-Clark Trading Up 0.1%

NYSE KMB opened at $132.53 on Friday. The stock has a market cap of $43.97 billion, a P/E ratio of 17.55, a PEG ratio of 4.46 and a beta of 0.35. The company’s fifty day simple moving average is $134.28 and its 200-day simple moving average is $134.72. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. The firm had revenue of $4.84 billion for 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 in the previous year, the firm posted $2.01 EPS. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, June 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 68.66%.

Insider Buying and Selling

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of Kimberly-Clark stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the sale, the insider directly owned 3,098 shares in the company, valued at $405,032.52. The trade was a 36.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.64% of the company’s stock.

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.