Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Caprock Group LLC

Caprock Group LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 26.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,654 shares of the company’s stock after selling 4,148 shares during the period. Caprock Group LLC’s holdings in Kimberly-Clark were worth $1,542,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its holdings in Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after purchasing an additional 1,083,824 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Kimberly-Clark by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock valued at $1,431,443,000 after buying an additional 358,926 shares during the period. Geode Capital Management LLC increased its holdings in shares of Kimberly-Clark by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock worth $1,092,388,000 after buying an additional 206,671 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Kimberly-Clark by 20.4% in the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after buying an additional 464,615 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kimberly-Clark by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company’s stock valued at $385,900,000 after acquiring an additional 20,953 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KMB shares. Barclays cut their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Trading Down 0.7 %

Shares of NYSE KMB opened at $129.93 on Monday. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company has a market cap of $43.33 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 2.90 and a beta of 0.41. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 7.05. The stock’s 50 day simple moving average is $131.20 and its 200 day simple moving average is $137.20.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Equities research analysts expect that Kimberly-Clark Co. will post 7.52 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a $1.26 dividend. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.88%. Kimberly-Clark’s dividend payout ratio is 64.64%.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by company 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.