Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 46.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,017 shares of the company’s stock after purchasing an additional 5,717 shares during the period. Exchange Traded Concepts LLC’s holdings in Kimberly-Clark were worth $2,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Kimberly-Clark by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after purchasing an additional 4,603,787 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Kimberly-Clark by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock worth $1,387,709,000 after purchasing an additional 529,223 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Kimberly-Clark by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company’s stock worth $1,113,444,000 after purchasing an additional 797,953 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Kimberly-Clark by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company’s stock worth $986,616,000 after purchasing an additional 417,118 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Kimberly-Clark by 21.9% during the fourth quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock worth $740,868,000 after purchasing an additional 1,015,141 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 1.3%

Kimberly-Clark stock opened at $128.93 on Wednesday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The company has a market cap of $42.78 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38. The stock’s 50 day moving average price is $136.52 and its 200 day moving average price is $135.11.

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

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.91%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 68.66%.

Analyst Ratings Changes

KMB has been the topic of a number of research analyst reports. Royal Bank Of Canada cut their target price on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Barclays decreased their price objective on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Wall Street Zen lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Piper Sandler dropped their target price on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company boosted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $143.73.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by company insiders.

Kimberly-Clark Company 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.