Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI lessened its position in Kimberly-Clark Co. (NYSE:KMBFree Report) by 29.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,573 shares of the company’s stock after selling 2,280 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Kimberly-Clark were worth $677,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Kimberly-Clark by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after acquiring an additional 177,712 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Kimberly-Clark by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 6,465,213 shares of the company’s stock valued at $866,180,000 after acquiring an additional 108,050 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after acquiring an additional 641,187 shares in the last quarter. Morgan Stanley lifted its position in shares of Kimberly-Clark by 4.6% in the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after acquiring an additional 212,739 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its stake in Kimberly-Clark by 123,302.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company’s stock valued at $601,394,000 after buying an additional 4,426,568 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $127.69 on Wednesday. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.87. The firm’s fifty day simple moving average is $122.88 and its 200 day simple moving average is $122.03. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94. The firm has a market capitalization of $43.02 billion, a PE ratio of 24.56, a PEG ratio of 3.95 and a beta of 0.40.

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

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were paid a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 dividend on an annualized basis and a yield of 3.82%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 93.85%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark T. Smucker purchased 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the acquisition, the director now owns 827 shares in the company, valued at $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KMB has been the topic of several research reports. The Goldman Sachs Group initiated coverage on shares of Kimberly-Clark in a research note on Friday, March 1st. They issued a “buy” rating and a $135.00 price objective on the stock. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Wednesday. Piper Sandler upped their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Wells Fargo & Company upped their price objective on shares of Kimberly-Clark from $125.00 to $131.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research note on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $132.27.

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Kimberly-Clark Profile

(Free Report)

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.

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

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