Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 1.5% in the first quarter, Holdings Channel reports. The firm owned 10,116 shares of the company’s stock after selling 159 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Kimberly-Clark were worth $1,439,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kimberly-Clark in the fourth quarter worth about $25,000. Marshall Investment Management LLC acquired a new position in Kimberly-Clark in the fourth quarter worth about $25,000. Minot DeBlois Advisors LLC acquired a new position in Kimberly-Clark in the fourth quarter worth about $29,000. Golden State Wealth Management LLC acquired a new position in Kimberly-Clark in the fourth quarter worth about $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark in the fourth quarter worth about $33,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Price Performance

NYSE KMB opened at $133.55 on Friday. The stock has a market capitalization of $44.31 billion, a P/E ratio of 17.69, a P/E/G ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The business’s fifty day moving average is $137.30 and its two-hundred day moving average is $135.46. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the prior year, the company earned $2.01 earnings per share. On average, research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.77%. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KMB shares. UBS Group lifted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. Barclays decreased their target price on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Evercore ISI decreased their target price on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Piper Sandler decreased their target price on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Finally, Wall Street Zen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.08.

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.