Cresset Asset Management LLC Has $7.93 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Cresset Asset Management LLC decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 24.7% during the 4th quarter, HoldingsChannel reports. The fund owned 59,998 shares of the company’s stock after selling 19,687 shares during the quarter. Cresset Asset Management LLC’s holdings in Kimberly-Clark were worth $7,929,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KMB. Barclays PLC increased its stake in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after buying an additional 273,813 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Kimberly-Clark by 20.3% in the third quarter. Franklin Resources Inc. now owns 418,270 shares of the company’s stock valued at $60,038,000 after acquiring an additional 70,633 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Kimberly-Clark by 6.2% during the third quarter. Principal Financial Group Inc. now owns 416,419 shares of the company’s stock worth $59,248,000 after acquiring an additional 24,383 shares in the last quarter. Peoples Bank KS boosted its position in Kimberly-Clark by 24.7% during the fourth quarter. Peoples Bank KS now owns 2,427 shares of the company’s stock valued at $318,000 after purchasing an additional 480 shares during the last quarter. Finally, InvesTrust bought a new position in Kimberly-Clark in the fourth quarter valued at approximately $420,000. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMB. Piper Sandler dropped their price objective on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company increased their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. Citigroup lowered their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a report on Friday, April 11th. Finally, UBS Group lifted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $145.08.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $133.51 on Thursday. The firm has a market cap of $44.30 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The business’s 50 day moving average is $138.24 and its 200-day moving average is $134.84. 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 1-year low of $124.10 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter last year, the firm earned $2.01 earnings per share. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Insiders Place Their Bets

In related news, insider Katy Chen sold 740 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider now owns 3,997 shares in the company, valued at approximately $518,410.90. This trade represents a 15.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were 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 of the company’s stock, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,872 shares of company stock worth $2,208,684 in the last quarter. 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.