UBS Group AG Sells 85,270 Shares of Kimberly-Clark Co. (NYSE:KMB)

UBS Group AG lowered its position in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 811,933 shares of the company’s stock after selling 85,270 shares during the quarter. UBS Group AG’s holdings in Kimberly-Clark were worth $98,122,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of KMB. Moneta Group Investment Advisors LLC raised its holdings in shares of Kimberly-Clark by 123,302.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company’s stock worth $601,394,000 after purchasing an additional 4,426,568 shares during the period. Cowa LLC bought a new stake in shares of Kimberly-Clark in the 1st quarter worth approximately $54,000. Norges Bank bought a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $441,478,000. Imprint Wealth LLC raised its holdings in shares of Kimberly-Clark by 13,781.2% in the 2nd quarter. Imprint Wealth LLC now owns 2,763,613 shares of the company’s stock worth $276,361,000 after purchasing an additional 2,743,704 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Kimberly-Clark by 4.7% in the 2nd quarter. BlackRock Inc. now owns 29,102,531 shares of the company’s stock worth $4,017,895,000 after purchasing an additional 1,312,765 shares during the period. Institutional investors own 74.38% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were 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 directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the sale, the insider now owns 17,229 shares in the company, valued at $2,084,709. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $121.71, for a total transaction of $365,130.00. Following the sale, the insider now owns 25,169 shares in the company, valued at approximately $3,063,318.99. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Kimberly-Clark Stock Down 0.4 %

Shares of NYSE:KMB opened at $119.81 on Monday. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $147.87. The firm has a fifty day moving average of $121.68 and a 200 day moving average of $123.15. The firm has a market capitalization of $40.36 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 3.77 and a beta of 0.41. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82.

Kimberly-Clark (NYSE:KMBGet Free Report) last announced its earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter last year, the firm posted $1.54 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. As a group, research analysts anticipate that Kimberly-Clark Co. will post 6.83 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 4.07%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend is Thursday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 90.77%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research reports. Bank of America cut shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $135.00 to $115.00 in a report on Friday, December 15th. Barclays lowered their target price on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating on the stock in a report on Friday, January 26th. 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 on the stock. 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 on the stock in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a report on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $130.14.

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Kimberly-Clark Profile

(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.

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

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