Kimberly-Clark Corporation $KMB Stock Position Decreased by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,123 shares of the company’s stock after selling 9,379 shares during the quarter. Corient Private Wealth LLC’s holdings in Kimberly-Clark were worth $25,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMB. Ally Financial Inc. bought a new position in shares of Kimberly-Clark during the fourth quarter worth about $1,009,000. Citigroup Inc. lifted its position in Kimberly-Clark by 3.7% in the 3rd quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock valued at $49,690,000 after purchasing an additional 14,386 shares during the last quarter. Jain Global LLC acquired a new position in Kimberly-Clark during the 3rd quarter valued at about $11,973,000. Westpac Banking Corp boosted its stake in Kimberly-Clark by 25.0% during the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after purchasing an additional 10,811 shares during the period. Finally, Nordea Investment Management AB grew its position in Kimberly-Clark by 13.7% in the 4th quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock worth $281,258,000 after purchasing an additional 334,598 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 2.0%

Kimberly-Clark stock opened at $100.50 on Tuesday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46. The stock has a market cap of $33.36 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 4.60 and a beta of 0.28. The company’s 50-day moving average price is $98.53 and its two-hundred day moving average price is $100.70. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.93 EPS. On average, analysts expect that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s dividend payout ratio is 80.38%.

Insider Buying and Selling

In other news, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 7,096 shares of company stock valued at $689,687 over the last 90 days. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America dropped their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Barclays lowered their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft cut their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, Piper Sandler boosted their price target on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $115.43.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.