Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 94.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 348 shares of the company’s stock after selling 6,081 shares during the period. Headlands Technologies LLC’s holdings in Kimberly-Clark were worth $49,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KMB. Brighton Jones LLC increased its stake in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after buying an additional 2,765 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Kimberly-Clark by 0.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 43,541 shares of the company’s stock worth $5,706,000 after purchasing an additional 272 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $521,000. Summit Investment Advisors Inc. grew its stake in shares of Kimberly-Clark by 4.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,626 shares of the company’s stock worth $1,261,000 after purchasing an additional 426 shares during the last quarter. Finally, SageView Advisory Group LLC grew its stake in shares of Kimberly-Clark by 4.5% in the 4th quarter. SageView Advisory Group LLC now owns 1,706 shares of the company’s stock worth $224,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB stock opened at $133.64 on Wednesday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a market cap of $44.34 billion, a P/E ratio of 17.70, a P/E/G ratio of 4.46 and a beta of 0.33. The firm has a 50 day simple moving average of $130.54 and a 200 day simple moving average of $135.01. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.96 earnings per share. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 69.42%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. Piper Sandler assumed coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They issued an “overweight” rating and a $144.00 price objective on the stock. Royal Bank Of Canada lowered their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Barclays lifted their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $142.70.

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.