Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC trimmed its stake in Kimberly-Clark Co. (NYSE:KMB) by 18.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,429 shares of the company’s stock after selling 1,467 shares during the quarter. Headlands Technologies LLC’s holdings in Kimberly-Clark were worth $842,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KMB. FMR LLC grew its holdings in shares of Kimberly-Clark by 3.2% during the third quarter. FMR LLC now owns 572,463 shares of the company’s stock worth $81,450,000 after buying an additional 17,919 shares in the last quarter. Ascent Group LLC grew its stake in Kimberly-Clark by 11.2% in the 3rd quarter. Ascent Group LLC now owns 9,274 shares of the company’s stock worth $1,320,000 after acquiring an additional 931 shares during the period. Hilltop Holdings Inc. raised its holdings in Kimberly-Clark by 11.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,874 shares of the company’s stock valued at $1,832,000 after acquiring an additional 1,314 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Kimberly-Clark by 2.5% during the third quarter. HighTower Advisors LLC now owns 141,612 shares of the company’s stock worth $20,164,000 after purchasing an additional 3,514 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Kimberly-Clark by 4.2% in the third quarter. Janus Henderson Group PLC now owns 47,338 shares of the company’s stock valued at $6,735,000 after purchasing an additional 1,900 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 0.0 %

NYSE KMB opened at $143.07 on Thursday. The stock has a market cap of $47.45 billion, a P/E ratio of 18.95, a PEG ratio of 4.46 and a beta of 0.36. The company’s fifty day simple moving average is $137.10 and its 200-day simple moving average is $135.97. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 52 week low of $123.84 and a 52 week high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were paid a dividend of $1.26 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Friday, March 7th. Kimberly-Clark’s dividend payout ratio is 66.75%.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the transaction, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research note on Wednesday, January 8th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Piper Sandler reiterated an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Wells Fargo & Company increased their target price on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Finally, Barclays raised their price objective on Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $144.85.

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.