Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,009 shares of the company’s stock after selling 125 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Kimberly-Clark were worth $1,708,000 at the end of the most recent quarter.

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

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 3,997 shares of the company’s stock, valued at approximately $518,410.90. The trade was a 15.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KMB shares. UBS Group lifted their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Barclays decreased their target price on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Wall Street Zen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Evercore ISI decreased their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Finally, Piper Sandler decreased their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $143.50.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $128.15 on Thursday. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm’s 50-day simple moving average is $135.24 and its 200 day simple moving average is $134.78. The firm has a market capitalization of $42.52 billion, a PE ratio of 16.97, a P/E/G ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the firm earned $2.01 EPS. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s payout ratio is 68.66%.

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.