Ritholtz Wealth Management Has $1.17 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Ritholtz Wealth Management lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,213 shares of the company’s stock after purchasing an additional 133 shares during the quarter. Ritholtz Wealth Management’s holdings in Kimberly-Clark were worth $1,168,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Kimberly-Clark by 15.1% during the 4th 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. grew its holdings in shares of Kimberly-Clark by 5.3% during the 4th 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 grew its holdings in shares of Kimberly-Clark by 10.4% during the 4th 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 lifted its position in shares of Kimberly-Clark by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company’s stock worth $986,616,000 after buying an additional 417,118 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Kimberly-Clark by 21.9% during the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock worth $740,868,000 after buying an additional 1,015,141 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 3,997 shares of the company’s stock, valued at $518,410.90. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. Evercore ISI dropped their price objective on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Royal Bank Of Canada dropped their price objective on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Piper Sandler dropped their price objective on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays dropped 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. 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. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $143.73.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $128.93 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $42.78 billion, a PE ratio of 17.08, a P/E/G ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The stock has a 50-day moving average price of $136.52 and a two-hundred day moving average price of $135.11.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the company earned $2.01 earnings per share. Analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend 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 68.66%.

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.