Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Krane Funds Advisors LLC

Krane Funds Advisors LLC lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 11.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,191 shares of the company’s stock after selling 395 shares during the period. Krane Funds Advisors LLC’s holdings in Kimberly-Clark were worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kimberly-Clark in the 4th quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth approximately $32,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at $33,000. Finally, Roxbury Financial LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on KMB shares. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. UBS Group boosted their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $144.85.

Kimberly-Clark Stock Down 5.1 %

KMB opened at $137.76 on Monday. The stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 4.46 and a beta of 0.37. Kimberly-Clark Co. has a 1-year low of $123.84 and a 1-year high of $150.45. The business has a 50 day moving average of $137.64 and a 200-day moving average of $135.91. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.66%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is currently 66.75%.

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.