Sumitomo Mitsui Trust Holdings Inc. Sells 8,567 Shares of Kimberly-Clark Co. (NYSE:KMB)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in Kimberly-Clark Co. (NYSE:KMBFree Report) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 881,618 shares of the company’s stock after selling 8,567 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.26% of Kimberly-Clark worth $106,544,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Schroder Investment Management Group increased its position in shares of Kimberly-Clark by 22.7% during the second quarter. Schroder Investment Management Group now owns 809,708 shares of the company’s stock worth $111,788,000 after acquiring an additional 149,787 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Kimberly-Clark by 0.3% during the third quarter. AE Wealth Management LLC now owns 240,819 shares of the company’s stock worth $29,103,000 after acquiring an additional 638 shares in the last quarter. Glassman Wealth Services increased its position in shares of Kimberly-Clark by 32.2% during the second quarter. Glassman Wealth Services now owns 603 shares of the company’s stock worth $83,000 after acquiring an additional 147 shares in the last quarter. Catalyst Financial Partners LLC increased its position in shares of Kimberly-Clark by 0.4% during the second quarter. Catalyst Financial Partners LLC now owns 26,794 shares of the company’s stock worth $3,699,000 after acquiring an additional 108 shares in the last quarter. Finally, Phillips Wealth Planners LLC increased its position in shares of Kimberly-Clark by 12.2% during the second quarter. Phillips Wealth Planners LLC now owns 4,337 shares of the company’s stock worth $599,000 after acquiring an additional 473 shares in the last quarter. Institutional investors own 74.38% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE KMB opened at $124.17 on Friday. The firm has a 50-day moving average of $121.60 and a 200-day moving average of $125.27. The company has a debt-to-equity ratio of 8.81, a quick ratio of 0.54 and a current ratio of 0.84. The stock has a market cap of $41.96 billion, a PE ratio of 23.88, a P/E/G ratio of 2.28 and a beta of 0.39. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $147.87.

Kimberly-Clark (NYSE:KMBGet Free Report) last posted its earnings results on Tuesday, October 24th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.16. Kimberly-Clark had a net margin of 8.63% and a return on equity of 292.92%. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter last year, the company posted $1.40 EPS. Kimberly-Clark’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 6.59 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Thursday, December 7th. Kimberly-Clark’s dividend payout ratio is 90.77%.

Insider Buying and Selling

In related news, insider Jeffrey P. Melucci sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $121.71, for a total transaction of $365,130.00. Following the transaction, the insider now directly owns 25,169 shares of the company’s stock, valued at $3,063,318.99. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Kimberly-Clark news, insider Zackery A. Hicks sold 3,020 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $119.43, for a total value of $360,678.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Melucci sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $121.71, for a total transaction of $365,130.00. Following the completion of the transaction, the insider now directly owns 25,169 shares in the company, valued at $3,063,318.99. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on KMB. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. Barclays increased their target price on shares of Kimberly-Clark from $122.00 to $123.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. The Goldman Sachs Group reduced their target price on shares of Kimberly-Clark from $147.00 to $132.00 and set a “neutral” rating for the company in a report on Tuesday, October 10th. Bank of America cut shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $135.00 to $115.00 in a report on Friday, December 15th. Finally, Piper Sandler began coverage on shares of Kimberly-Clark in a research note on Friday, November 17th. They issued an “overweight” rating and a $146.00 price target for the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $129.79.

Read Our Latest Stock Analysis on KMB

About Kimberly-Clark

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.

Further Reading

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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