CWA Asset Management Group LLC Sells 6,418 Shares of Kimberly-Clark Co. (NYSE:KMB)

CWA Asset Management Group LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 57.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,678 shares of the company’s stock after selling 6,418 shares during the period. CWA Asset Management Group LLC’s holdings in Kimberly-Clark were worth $665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. Vanguard Group Inc. grew its holdings in Kimberly-Clark by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after acquiring an additional 4,603,787 shares in the last quarter. Norges Bank bought a new position in Kimberly-Clark during the 4th quarter worth about $582,592,000. GAMMA Investing LLC grew its holdings in Kimberly-Clark by 10,975.8% during the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company’s stock worth $270,510,000 after acquiring an additional 1,884,877 shares in the last quarter. First Trust Advisors LP grew its holdings in Kimberly-Clark by 163.1% during the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company’s stock worth $280,786,000 after acquiring an additional 1,328,341 shares in the last quarter. Finally, Trinity Financial Advisors LLC bought a new position in Kimberly-Clark during the 1st quarter worth about $181,762,000. 76.29% of the stock is currently owned by institutional investors.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares of the company’s stock, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.64% of the stock is currently owned by insiders.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $128.29 on Friday. The firm has a market capitalization of $42.57 billion, a P/E ratio of 16.99, a PEG ratio of 4.46 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a 50 day moving average price of $135.96 and a 200 day moving average price of $134.93. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same period last year, the firm posted $2.01 EPS. Sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, June 6th. Kimberly-Clark’s payout ratio is currently 68.66%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group increased their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Piper Sandler lowered their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Barclays lowered their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, March 28th. Finally, Royal Bank Of Canada lowered their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.73.

About Kimberly-Clark

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.