King Luther Capital Management Corp Has $60.68 Million Position in Kimberly-Clark Corporation $KMB

King Luther Capital Management Corp lowered its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 22.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 601,464 shares of the company’s stock after selling 178,991 shares during the quarter. King Luther Capital Management Corp’s holdings in Kimberly-Clark were worth $60,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Kimberly-Clark by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock valued at $4,121,027,000 after purchasing an additional 315,981 shares during the period. State Street Corp increased its position in Kimberly-Clark by 5.0% during the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after purchasing an additional 997,397 shares during the period. Massachusetts Financial Services Co. MA increased its position in Kimberly-Clark by 50.4% during the 4th 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. Capital World Investors increased its position in Kimberly-Clark by 0.3% during the 3rd quarter. Capital World Investors now owns 4,940,945 shares of the company’s stock valued at $614,357,000 after purchasing an additional 14,306 shares during the period. Finally, Northern Trust Corp increased its position in Kimberly-Clark by 0.3% during the 3rd quarter. Northern Trust Corp now owns 3,890,193 shares of the company’s stock valued at $483,707,000 after purchasing an additional 9,951 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 7,096 shares of company stock valued at $689,687. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $98.77 on Wednesday. The company has a market cap of $32.79 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 4.45 and a beta of 0.29. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $144.30. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The firm has a 50 day moving average of $97.72 and a 200-day moving average of $101.36.

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

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given 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 5.2%. Kimberly-Clark’s dividend payout ratio (DPR) is 80.38%.

Analysts Set New Price Targets

A number of research firms have weighed in on KMB. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. UBS Group increased their target price on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Piper Sandler reduced their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Finally, Barclays reduced 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 research report on Tuesday, April 14th. Four equities research 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. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $114.93.

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.