Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Simmons Bank

Simmons Bank trimmed its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,763 shares of the company’s stock after selling 3,846 shares during the quarter. Simmons Bank’s holdings in Kimberly-Clark were worth $4,953,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KMB. Sequoia Financial Advisors LLC grew its holdings in Kimberly-Clark by 204.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after acquiring an additional 13,806 shares in the last quarter. PFG Investments LLC lifted its position in shares of Kimberly-Clark by 11.2% during the 3rd quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after purchasing an additional 209 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Kimberly-Clark during the fourth quarter worth $4,253,000. Rockline Wealth Management LLC purchased a new position in Kimberly-Clark in the fourth quarter valued at $1,661,000. Finally, Nordea Investment Management AB raised its stake in Kimberly-Clark by 28.3% in the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after buying an additional 368,505 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KMB shares. Wells Fargo & Company upped their price objective on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Piper Sandler increased their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their target price on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $134.85.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Doug Cunningham sold 1,040 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.86, for a total value of $142,334.40. Following the transaction, the insider now directly owns 3,833 shares in the company, valued at approximately $524,584.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Kimberly-Clark news, insider Doug Cunningham sold 1,040 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.86, for a total value of $142,334.40. Following the completion of the sale, the insider now directly owns 3,833 shares of the company’s stock, valued at approximately $524,584.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders sold a total of 20,562 shares of company stock valued at $2,808,345 over the last three months. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Price Performance

KMB traded down $0.10 on Wednesday, hitting $135.88. 1,057,189 shares of the company were exchanged, compared to its average volume of 2,212,346. The business’s fifty day moving average is $128.07 and its 200 day moving average is $123.62. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $145.67. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The firm has a market capitalization of $45.75 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 3.87 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the business earned $1.67 earnings per share. Kimberly-Clark’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 annualized dividend and a dividend yield of 3.59%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Kimberly-Clark Company 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.