Kimberly-Clark Co. (NYSE:KMB) Shares Sold by UBS Group AG

UBS Group AG lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 9.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 811,933 shares of the company’s stock after selling 85,270 shares during the quarter. UBS Group AG owned about 0.24% of Kimberly-Clark worth $98,122,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KMB. West Tower Group LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at $25,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Kimberly-Clark during the third quarter worth $26,000. OFI Invest Asset Management acquired a new stake in shares of Kimberly-Clark during the third quarter worth $25,000. Cornerstone Planning Group LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $34,000. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of Kimberly-Clark during the second quarter worth $37,000. Institutional investors and hedge funds own 74.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The stock was bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the transaction, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Mark T. Smucker bought 827 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the acquisition, the director now owns 827 shares in the company, valued at approximately $100,050.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the transaction, the insider now directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Piper Sandler assumed coverage on Kimberly-Clark in a research report on Friday, November 17th. They set an “overweight” rating and a $146.00 price target on the stock. Bank of America lowered Kimberly-Clark from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $135.00 to $115.00 in a research report on Friday, December 15th. JPMorgan Chase & Co. upped their price target on Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, January 18th. Royal Bank of Canada dropped their target price on Kimberly-Clark from $125.00 to $123.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 25th. Finally, Barclays dropped their target price on Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $130.14.

Read Our Latest Stock Analysis on Kimberly-Clark

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $119.81 on Monday. The business has a 50 day moving average price of $121.68 and a 200 day moving average price of $123.15. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87. The company has a market cap of $40.36 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 3.77 and a beta of 0.41. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94.

Kimberly-Clark (NYSE:KMBGet Free Report) last announced its earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company earned $1.54 EPS. Kimberly-Clark’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts predict that Kimberly-Clark Co. will post 6.83 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be paid a dividend of $1.22 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $4.88 annualized dividend and a yield of 4.07%. Kimberly-Clark’s dividend payout ratio is presently 90.77%.

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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