Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 874,349 shares of the company’s stock after selling 7,269 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Kimberly-Clark were worth $106,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its position in shares of Kimberly-Clark by 204.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after buying an additional 13,806 shares in the last quarter. PFG Investments LLC raised its position in shares of Kimberly-Clark by 11.2% during the 3rd quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after buying an additional 209 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $4,253,000. AE Wealth Management LLC raised its position in shares of Kimberly-Clark by 0.3% during the 3rd quarter. AE Wealth Management LLC now owns 240,819 shares of the company’s stock worth $29,103,000 after buying an additional 638 shares in the last quarter. Finally, Rockline Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $1,661,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on KMB. Piper Sandler boosted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Royal Bank of Canada reissued a “sector perform” rating and issued a $123.00 target price on shares of Kimberly-Clark in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group initiated coverage on shares of Kimberly-Clark in a research report on Friday, March 1st. They issued a “buy” rating and a $135.00 target price on the stock. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $132.43.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $125.28 on Wednesday. The firm has a fifty day simple moving average of $123.91 and a 200-day simple moving average of $122.23. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $147.87. The stock has a market capitalization of $42.21 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 3.77 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the company earned $1.54 earnings per share. Kimberly-Clark’s revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts expect that Kimberly-Clark Co. will post 6.84 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were issued a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 7th. 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 3.90%. Kimberly-Clark’s dividend payout ratio is 93.85%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the acquisition, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Kimberly-Clark news, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the acquisition, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction of $450,120.00. Following the transaction, the insider now directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Profile

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.