Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Lowered by Tobam

Tobam reduced its holdings in Kimberly-Clark Co. (NYSE:KMB) by 63.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 484 shares of the company’s stock after selling 844 shares during the quarter. Tobam’s holdings in Kimberly-Clark were worth $69,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. Vanguard Group Inc. raised its holdings in shares of Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after purchasing an additional 4,603,787 shares in the last quarter. Norges Bank acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $582,592,000. GAMMA Investing LLC raised its holdings in shares of Kimberly-Clark by 10,975.8% during the first quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company’s stock valued at $270,510,000 after acquiring an additional 1,884,877 shares during the period. First Trust Advisors LP raised its holdings in shares of Kimberly-Clark by 163.1% during the fourth quarter. First Trust Advisors LP now owns 2,142,749 shares of the company’s stock valued at $280,786,000 after acquiring an additional 1,328,341 shares during the period. Finally, Trinity Financial Advisors LLC acquired a new stake in shares of Kimberly-Clark during the first quarter valued at approximately $181,762,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB opened at $130.84 on Friday. 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 company has a market capitalization of $43.41 billion, a PE ratio of 17.33, a PEG ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The company’s 50 day moving average price is $136.70 and its 200 day moving average price is $135.27.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate 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 net margin of 12.69% and a return on equity of 201.43%. During the same period in the previous year, the firm posted $2.01 earnings per share. Research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced 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. This represents a $5.04 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s dividend payout ratio is 68.66%.

Insiders Place Their Bets

In other news, insider Katy Chen sold 740 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the sale, the insider now directly owns 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KMB shares. Piper Sandler cut their price target 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. UBS Group boosted their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Barclays cut their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada cut their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $143.73.

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.