Massachusetts Financial Services Co. MA Sells 202,377 Shares of Kimberly-Clark Co. (NYSE:KMB)

Massachusetts Financial Services Co. MA decreased its holdings in Kimberly-Clark Co. (NYSE:KMBFree Report) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,598,470 shares of the company’s stock after selling 202,377 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.95% of Kimberly-Clark worth $797,425,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. bought a new position in shares of Kimberly-Clark in the first quarter valued at approximately $96,000. Sei Investments Co. boosted its position in Kimberly-Clark by 22.2% during the 1st quarter. Sei Investments Co. now owns 190,867 shares of the company’s stock valued at $23,483,000 after acquiring an additional 34,646 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Kimberly-Clark by 2.8% in the 1st quarter. Baird Financial Group Inc. now owns 292,834 shares of the company’s stock worth $36,066,000 after purchasing an additional 7,878 shares in the last quarter. Merit Financial Group LLC lifted its position in Kimberly-Clark by 23.9% in the 1st quarter. Merit Financial Group LLC now owns 4,102 shares of the company’s stock valued at $505,000 after acquiring an additional 791 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Kimberly-Clark by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 20,180 shares of the company’s stock valued at $2,485,000 after acquiring an additional 4,503 shares in the last quarter. Institutional investors own 74.38% of the company’s stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 3,000 shares of the business’s stock in a transaction on 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 approximately $3,063,318.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the transaction, the insider now owns 17,229 shares in the company, valued at $2,084,709. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $121.71, for a total value of $365,130.00. Following the completion of the transaction, the insider now directly owns 25,169 shares of the company’s stock, valued at $3,063,318.99. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays dropped their target price on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating for the company in a report on Friday, January 26th. Bank of America lowered 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 research report on Friday, December 15th. Sanford C. Bernstein upgraded shares of Kimberly-Clark from an “underperform” rating to a “market perform” rating and lowered their target price for the company from $125.00 to $118.00 in a research note on Thursday, October 12th. Citigroup lowered their price objective on shares of Kimberly-Clark from $126.00 to $111.00 and set a “sell” rating for the company in a research note on Wednesday, October 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $130.14.

Check Out Our Latest Stock Report on Kimberly-Clark

Kimberly-Clark Price Performance

KMB stock opened at $122.26 on Monday. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.87. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The stock has a market cap of $41.32 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 3.84 and a beta of 0.41. The company has a 50 day simple moving average of $121.88 and a 200 day simple moving average of $123.64.

Kimberly-Clark (NYSE:KMBGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $5 billion for the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.54 EPS. Research analysts anticipate that Kimberly-Clark Co. will post 6.83 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be paid a $1.22 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Thursday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 90.77%.

Kimberly-Clark Profile

(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.

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

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