Wrapmanager Inc. Sells 944 Shares of Kimberly-Clark Co. (NYSE:KMB)

Wrapmanager Inc. lowered its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 16.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,721 shares of the company’s stock after selling 944 shares during the period. Wrapmanager Inc.’s holdings in Kimberly-Clark were worth $574,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC lifted its stake in shares of Kimberly-Clark by 204.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after acquiring an additional 13,806 shares during the last quarter. PFG Investments LLC boosted its stake in shares of Kimberly-Clark by 11.2% during the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock valued at $252,000 after purchasing an additional 209 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $4,253,000. Rockline Wealth Management LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $1,661,000. Finally, Nordea Investment Management AB increased its stake in shares of Kimberly-Clark by 28.3% in the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after buying an additional 368,505 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares in the company, valued at $1,101,891.99. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares in the company, valued at $109,050.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the transaction, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The disclosure for this sale can be found here. Insiders have sold 20,562 shares of company stock valued at $2,808,345 over the last quarter. 0.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KMB shares. The Goldman Sachs Group raised their price target on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Piper Sandler boosted their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. HSBC increased their price objective on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, Barclays raised their price target on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $134.85.

Kimberly-Clark Stock Performance

Shares of NYSE KMB traded up $0.73 during trading on Thursday, reaching $136.66. 1,053,462 shares of the company traded hands, compared to its average volume of 2,213,781. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $145.29. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The firm has a 50 day simple moving average of $128.68 and a 200-day simple moving average of $123.80. The stock has a market capitalization of $46.01 billion, a PE ratio of 25.12, a P/E/G ratio of 3.87 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. Equities research analysts anticipate that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s payout ratio is 89.71%.

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.