Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,472 shares of the company’s stock after selling 1,763 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.10% of Kimberly-Clark worth $44,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $32,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $33,000. Finally, Roxbury Financial LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $33,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company boosted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Piper Sandler reduced their price target on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada reduced their price target on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI reduced their price target on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $145.08.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction dated 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 directly owns 3,997 shares in the company, valued at $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,872 shares of company stock worth $2,208,684 in the last 90 days. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $133.01 on Monday. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $44.13 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The business has a 50 day simple moving average of $137.87 and a 200-day simple moving average of $134.71.

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 analysts’ consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the firm posted $2.01 EPS. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.79%. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

About Kimberly-Clark

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.