Baird Financial Group Inc. Lowers Holdings in Kimberly-Clark Co. (NYSE:KMB)

Baird Financial Group Inc. trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 113,468 shares of the company’s stock after selling 2,104 shares during the quarter. Baird Financial Group Inc.’s holdings in Kimberly-Clark were worth $14,869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KMB. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth $25,000. Golden State Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter worth $32,000. Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $33,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at $33,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $132.82 on Wednesday. The stock’s fifty day moving average is $138.41 and its 200 day moving average is $134.85. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a market cap of $44.07 billion, a P/E ratio of 17.59, a P/E/G ratio of 4.46 and a beta of 0.35.

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

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.79%. Kimberly-Clark’s payout ratio is currently 68.66%.

Analyst Ratings Changes

A number of equities analysts have weighed in on KMB shares. UBS Group boosted their target price on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Citigroup decreased their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Piper Sandler dropped their target price 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. Evercore ISI cut their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $145.08.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. This trade represents a 58.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Katy Chen sold 740 shares of Kimberly-Clark 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 sale, the insider now owns 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,872 shares of company stock valued at $2,208,684 over the last three months. Corporate insiders own 0.64% of the company’s stock.

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.