Posted by admin on Jul 18th, 2022

Parallel Advisors LLC reduced its position in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 14.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,786 shares of the company’s stock after selling 475 shares during the period. Parallel Advisors LLC’s holdings in Kimberly-Clark were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Kimberly-Clark by 2.7% in the 4th quarter. BlackRock Inc. now owns 25,904,715 shares of the company’s stock valued at $3,702,302,000 after buying an additional 690,759 shares during the last quarter. State Street Corp lifted its position in shares of Kimberly-Clark by 1.6% during the fourth quarter. State Street Corp now owns 17,858,070 shares of the company’s stock worth $2,572,147,000 after purchasing an additional 289,762 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Kimberly-Clark by 56.7% during the fourth quarter. Capital Research Global Investors now owns 11,172,139 shares of the company’s stock worth $1,596,722,000 after purchasing an additional 4,043,708 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kimberly-Clark by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,605,887 shares of the company’s stock worth $799,062,000 after purchasing an additional 122,005 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Kimberly-Clark by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,048,251 shares of the company’s stock worth $721,498,000 after purchasing an additional 189,877 shares during the last quarter. 74.32% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Doug Cunningham sold 3,627 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $138.00, for a total transaction of $500,526.00. Following the transaction, the insider now owns 4,242 shares in the company, valued at $585,396. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Doug Cunningham sold 3,627 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $138.00, for a total transaction of $500,526.00. Following the transaction, the insider now owns 4,242 shares in the company, valued at $585,396. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael D. Hsu sold 41,698 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $140.08, for a total transaction of $5,841,055.84. Following the transaction, the chief executive officer now owns 89,593 shares in the company, valued at approximately $12,550,187.44. The disclosure for this sale can be found here. Insiders have sold 62,696 shares of company stock worth $8,807,911 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Shares of NYSE:KMB opened at $134.68 on Monday. The firm’s 50 day moving average is $132.38 and its two-hundred day moving average is $132.14. Kimberly-Clark Co. has a 52 week low of $117.32 and a 52 week high of $145.79. The firm has a market capitalization of $45.38 billion, a P/E ratio of 25.95, a PEG ratio of 4.63 and a beta of 0.33. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 9.49.

Kimberly-Clark (NYSE:KMB – Get Rating) last announced its quarterly earnings results on Friday, April 22nd. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.23 by $0.12. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the business earned $1.80 earnings per share. Kimberly-Clark’s revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that Kimberly-Clark Co. will post 5.82 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 10th were paid a dividend of $1.16 per share. The ex-dividend date was Thursday, June 9th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.45%. Kimberly-Clark’s dividend payout ratio is presently 89.40%.

Several equities analysts have recently commented on KMB shares. Morgan Stanley increased their price target on shares of Kimberly-Clark from $133.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Monday, April 25th. Barclays reduced their price target on shares of Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $118.00 to $113.00 in a report on Wednesday, March 30th. Finally, Royal Bank of Canada raised their target price on shares of Kimberly-Clark from $122.00 to $124.00 and gave the stock a “sector perform” rating in a report on Monday, April 25th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $132.60.

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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