Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in Kimberly-Clark Co. (NYSE:KMBFree Report) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,971 shares of the company’s stock after selling 14,658 shares during the period. Sei Investments Co. owned 0.10% of Kimberly-Clark worth $40,723,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. West Tower Group LLC purchased a new position in Kimberly-Clark in the 2nd quarter valued at $25,000. DHJJ Financial Advisors Ltd. acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth $26,000. OFI Invest Asset Management acquired a new position in Kimberly-Clark in the 3rd quarter valued at about $25,000. Cornerstone Planning Group LLC acquired a new position in Kimberly-Clark in the 2nd quarter valued at about $34,000. Finally, First Capital Advisors Group LLC. purchased a new stake in Kimberly-Clark in the 2nd quarter valued at about $37,000. 74.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on KMB shares. Royal Bank of Canada lowered their price target on Kimberly-Clark from $125.00 to $123.00 and set a “sector perform” rating for the company in a report on Thursday, January 25th. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, January 18th. Barclays decreased their target price on Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating for the company in a report on Friday, January 26th. Piper Sandler assumed coverage on Kimberly-Clark in a report on Friday, November 17th. They set an “overweight” rating and a $146.00 target price for the company. Finally, Bank of America cut Kimberly-Clark from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $135.00 to $115.00 in a report on Friday, December 15th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $130.36.

View Our Latest Report on KMB

Kimberly-Clark Stock Performance

KMB stock opened at $125.91 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94. The firm has a market cap of $42.42 billion, a P/E ratio of 24.21, a P/E/G ratio of 3.92 and a beta of 0.40. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $147.87. The stock’s 50 day simple moving average is $121.73 and its 200 day simple moving average is $122.28.

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

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be issued a dividend of $1.22 per share. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, March 7th. Kimberly-Clark’s payout ratio is presently 90.77%.

Insider Buying and Selling

In related news, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the transaction, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Kimberly-Clark news, Director Mark T. Smucker acquired 827 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the transaction, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Tristram Wilkinson sold 3,720 shares of the firm’s 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 sale, the insider now owns 17,229 shares of the company’s stock, valued at $2,084,709. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Kimberly-Clark Company Profile

(Free Report)

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.

See Also

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

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