Citigroup Inc. Has $45.90 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Citigroup Inc. lowered its position in Kimberly-Clark Co. (NYSE:KMBFree Report) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 379,793 shares of the company’s stock after selling 22,949 shares during the period. Citigroup Inc. owned 0.11% of Kimberly-Clark worth $45,898,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Kimberly-Clark by 552.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock valued at $55,163,000 after acquiring an additional 386,497 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in Kimberly-Clark by 1.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,791 shares of the company’s stock worth $1,304,000 after purchasing an additional 199 shares during the last quarter. Wealth Alliance raised its position in Kimberly-Clark by 14.1% in the 3rd quarter. Wealth Alliance now owns 7,451 shares of the company’s stock worth $900,000 after purchasing an additional 918 shares during the last quarter. Blair William & Co. IL raised its position in Kimberly-Clark by 17.7% in the 3rd quarter. Blair William & Co. IL now owns 127,462 shares of the company’s stock worth $15,404,000 after purchasing an additional 19,176 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Kimberly-Clark by 15.6% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 67,998 shares of the company’s stock worth $8,218,000 after purchasing an additional 9,158 shares during the last quarter. Institutional investors own 74.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KMB shares. Barclays dropped their price objective on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating for the company in a research report on Friday, January 26th. Bank of America cut shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $135.00 to $115.00 in a research report on Friday, December 15th. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a research report on Thursday, January 18th. Piper Sandler began coverage on shares of Kimberly-Clark in a report on Friday, November 17th. They set an “overweight” rating and a $146.00 target price for the company. Finally, Royal Bank of Canada lowered their target price on shares of Kimberly-Clark from $125.00 to $123.00 and set a “sector perform” rating for the company in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $130.14.

Read Our Latest Analysis on KMB

Kimberly-Clark Price Performance

KMB opened at $119.81 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $147.87. The company has a fifty day simple moving average of $121.68 and a 200 day simple moving average of $123.15. The stock has a market cap of $40.36 billion, a P/E ratio of 23.04, a P/E/G ratio of 3.77 and a beta of 0.41.

Kimberly-Clark (NYSE:KMBGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 EPS 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 firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the company earned $1.54 EPS. Kimberly-Clark’s quarterly revenue was up .7% on a year-over-year basis. On average, research analysts expect that Kimberly-Clark Co. will post 6.83 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be given a $1.22 dividend. The ex-dividend date is Thursday, March 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 4.07%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio is currently 90.77%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the 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 completion of the transaction, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Mark T. Smucker bought 827 shares of the stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now owns 827 shares in the company, valued at $100,050.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the transaction, the insider now owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

About Kimberly-Clark

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.

Further Reading

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

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