Hyman Charles D Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Hyman Charles D lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 30,979 shares of the company’s stock after selling 1,500 shares during the quarter. Hyman Charles D’s holdings in Kimberly-Clark were worth $3,764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Lindbrook Capital LLC increased its holdings in Kimberly-Clark by 13.3% during the 3rd quarter. Lindbrook Capital LLC now owns 1,108 shares of the company’s stock valued at $134,000 after acquiring an additional 130 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Kimberly-Clark by 9.8% during the 3rd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,264 shares of the company’s stock worth $274,000 after purchasing an additional 203 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Kimberly-Clark by 65.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 941 shares of the company’s stock valued at $114,000 after buying an additional 372 shares in the last quarter. IFM Investors Pty Ltd increased its position in Kimberly-Clark by 2.2% during the third quarter. IFM Investors Pty Ltd now owns 68,648 shares of the company’s stock worth $8,296,000 after buying an additional 1,466 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kimberly-Clark by 9.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 126,362 shares of the company’s stock valued at $15,271,000 after acquiring an additional 10,795 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the transaction, the vice president now owns 8,053 shares in the company, valued at $1,101,891.99. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the sale, the vice president now owns 8,053 shares in the company, valued at $1,101,891.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Melucci sold 6,390 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the transaction, the insider now owns 33,649 shares in the company, valued at $4,562,467.91. The disclosure for this sale can be found here. Insiders sold a total of 20,562 shares of company stock valued at $2,808,345 in the last ninety days. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on KMB shares. JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research note on Wednesday, April 24th. Bank of America raised their target price on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 24th. Royal Bank of Canada boosted their price target on Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a report on Wednesday, April 24th. Piper Sandler upped their target price on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, Citigroup upped their price objective on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four 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 price target of $134.85.

Kimberly-Clark Stock Down 0.0 %

Shares of NYSE KMB traded down $0.02 on Tuesday, hitting $135.95. The company had a trading volume of 2,614,132 shares, compared to its average volume of 2,224,297. The firm has a market capitalization of $45.78 billion, a P/E ratio of 24.99, a PEG ratio of 3.87 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $145.67. The business has a 50 day moving average of $128.07 and a two-hundred day moving average of $123.62.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter last year, the company earned $1.67 earnings per share. Kimberly-Clark’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a $1.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.59%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Kimberly-Clark 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.