Kimberly-Clark Corporation $KMB Shares Sold by Conning Inc.

Conning Inc. cut its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 95.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,336 shares of the company’s stock after selling 241,412 shares during the quarter. Conning Inc.’s holdings in Kimberly-Clark were worth $1,043,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in KMB. New York Life Investment Management LLC boosted its stake in shares of Kimberly-Clark by 2.0% during the 4th quarter. New York Life Investment Management LLC now owns 49,605 shares of the company’s stock valued at $5,005,000 after buying an additional 964 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in shares of Kimberly-Clark by 97.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 4,507 shares of the company’s stock worth $455,000 after buying an additional 2,228 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Kimberly-Clark by 10.5% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,417 shares of the company’s stock valued at $244,000 after acquiring an additional 229 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in Kimberly-Clark by 3.7% in the fourth quarter. Pinnacle Associates Ltd. now owns 17,410 shares of the company’s stock valued at $1,756,000 after acquiring an additional 625 shares in the last quarter. Finally, Plancorp LLC boosted its stake in Kimberly-Clark by 8.0% during the 4th quarter. Plancorp LLC now owns 2,364 shares of the company’s stock valued at $239,000 after acquiring an additional 175 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Kimberly-Clark

Here are the key news stories impacting Kimberly-Clark this week:

• Positive Sentiment: Kimberly-Clark announced a regular quarterly dividend of $1.28 per share, payable July 2 to shareholders of record on June 5, reinforcing its appeal as a dividend income stock. Kimberly-Clark Declares Quarterly Dividend
• Positive Sentiment: Bank of America reiterated a Buy rating and set a $120 price target, saying Kimberly-Clark’s Kenvue-related deal could create long-term value despite near-term integration risks. Kimberly-Clark positioned for long-term value creation following Kenvue deal, says Bank of America
• Positive Sentiment: The company’s recent Q1 beat, ongoing dividend, and new product launch (Kleenex Snap & Go) suggest operational momentum and product innovation are still supporting the investment case. What Kimberly-Clark (KMB)’s Q1 Beat, New Kleenex Launch and Leadership Shift Means For Shareholders
• Neutral Sentiment: At the annual meeting, shareholders backed the board, executive pay, and auditor, which reduces governance uncertainty but is unlikely to be a major stock driver. Kimberly-Clark Shareholders Back Board, Pay and Auditor
• Neutral Sentiment: One article highlighted that KMB has fallen sharply over the past year and raised valuation questions, but it did not present a new catalyst beyond the existing downtrend. Has Kimberly-Clark (KMB) Fallen Too Far After Its 26.5% One-Year Share Price Decline?
• Neutral Sentiment: Jim Cramer’s comments about the Kenvue transaction were broadly upbeat, but they were opinion-based and less likely to move the stock on their own. Jim Cramer Says Kimberly-Clark and Kenvue Merger “Will Produce Tremendous Returns”

Analyst Ratings Changes

KMB has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. UBS Group increased their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Piper Sandler decreased their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Bank of America cut their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $114.93.

Kimberly-Clark Stock Down 0.8%

Shares of NASDAQ:KMB opened at $95.91 on Friday. The company’s fifty day moving average is $98.21 and its two-hundred day moving average is $102.15. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $144.30. The stock has a market capitalization of $31.84 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 4.34 and a beta of 0.29.

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

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 annualized dividend and a dividend yield of 5.3%. Kimberly-Clark’s dividend payout ratio is 80.38%.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 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. The SEC filing for this sale provides additional information. Insiders have sold 7,096 shares of company stock valued at $689,687 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

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.