Letko Brosseau & Associates Inc. Sells 1,510 Shares of Kimberly-Clark Co. (NYSE:KMB)

Letko Brosseau & Associates Inc. trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 49.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,515 shares of the company’s stock after selling 1,510 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Kimberly-Clark were worth $215,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Pacific Financial bought a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $26,000. Minot DeBlois Advisors LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $29,000. Rossby Financial LCC bought a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $37,000. Menard Financial Group LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $38,000. Finally, Whipplewood Advisors LLC boosted its holdings in shares of Kimberly-Clark by 329.6% during the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company’s stock worth $47,000 after buying an additional 234 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on KMB. Evercore ISI cut their price target on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Piper Sandler began coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an “overweight” rating and a $144.00 target price on the stock. Barclays lowered their target price on Kimberly-Clark from $135.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 15th. Royal Bank Of Canada lowered their target price 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. Finally, JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $126.00 to $125.00 and set an “underweight” rating on the stock in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $140.90.

Kimberly-Clark Trading Up 0.8%

Shares of Kimberly-Clark stock opened at $127.93 on Wednesday. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The firm has a market cap of $42.45 billion, a PE ratio of 16.94, a P/E/G ratio of 4.46 and a beta of 0.35. The stock has a fifty day moving average price of $132.40 and a 200-day moving average price of $134.60. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.94%. Kimberly-Clark’s payout ratio is 68.66%.

Insider Buying and Selling

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the transaction, the insider owned 3,997 shares in the company, valued at $518,410.90. This trade represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

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.