United Services Automobile Association Decreases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

United Services Automobile Association lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,090 shares of the company’s stock after selling 3,023 shares during the period. United Services Automobile Association owned 0.07% of Kimberly-Clark worth $30,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Kimberly-Clark during the fourth quarter valued at approximately $437,420,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after purchasing an additional 944,920 shares during the last quarter. Capital World Investors grew its stake in Kimberly-Clark by 23.8% during the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after buying an additional 370,094 shares during the last quarter. KBC Group NV increased its position in Kimberly-Clark by 277.9% during the 4th quarter. KBC Group NV now owns 472,934 shares of the company’s stock valued at $57,466,000 after buying an additional 347,778 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Kimberly-Clark by 32.1% in the second quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock valued at $188,040,000 after buying an additional 330,327 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Trading Down 0.1 %

Shares of NYSE:KMB opened at $146.70 on Monday. The company has a market capitalization of $49.41 billion, a PE ratio of 27.01, a PEG ratio of 3.12 and a beta of 0.39. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $149.30. The business has a 50 day moving average of $141.51 and a two-hundred day moving average of $134.71. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.25. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.65 EPS. As a group, analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.33%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KMB shares. Piper Sandler boosted their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Barclays decreased their price target on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $145.67.

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.