Sei Investments Co. Acquires 24,419 Shares of Kimberly-Clark Co. (NYSE:KMB)

Sei Investments Co. grew its holdings in Kimberly-Clark Co. (NYSE:KMBFree Report) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 361,390 shares of the company’s stock after buying an additional 24,419 shares during the quarter. Sei Investments Co. owned approximately 0.11% of Kimberly-Clark worth $43,913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cranbrook Wealth Management LLC increased its holdings in shares of Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in Kimberly-Clark in the 4th quarter valued at $35,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at $37,000. Northwest Financial Advisors bought a new stake in shares of Kimberly-Clark during the fourth quarter worth $40,000. Finally, Operose Advisors LLC lifted its stake in shares of Kimberly-Clark by 122.5% during the third quarter. Operose Advisors LLC now owns 356 shares of the company’s stock valued at $43,000 after acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of several recent research reports. Piper Sandler boosted their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Bank of America boosted their price target on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 24th. UBS Group raised their price objective on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Finally, Royal Bank of Canada raised Kimberly-Clark from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $126.00 to $165.00 in a research note on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $137.85.

Read Our Latest Analysis on Kimberly-Clark

Insiders Place Their Bets

In related news, insider Doug Cunningham sold 3,833 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $136.82, for a total transaction of $524,431.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Doug Cunningham sold 3,833 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $136.82, for a total transaction of $524,431.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the transaction, the vice president now directly owns 8,053 shares in the company, valued at approximately $1,101,891.99. The disclosure for this sale can be found here. Insiders sold a total of 24,395 shares of company stock valued at $3,332,776 in the last quarter. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Price Performance

NYSE KMB opened at $135.51 on Tuesday. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $139.75. The business has a 50 day simple moving average of $132.24 and a 200 day simple moving average of $125.90. The stock has a market cap of $45.63 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 3.61 and a beta of 0.38.

Kimberly-Clark (NYSE:KMBGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. Analysts anticipate that Kimberly-Clark Co. will post 7.02 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s payout ratio is 89.71%.

About Kimberly-Clark

(Free Report)

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.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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