Kimberly-Clark Co. (NYSE:KMB) Position Reduced by Aigen Investment Management LP

Aigen Investment Management LP lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 58.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,298 shares of the company’s stock after selling 3,299 shares during the period. Aigen Investment Management LP’s holdings in Kimberly-Clark were worth $279,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in Kimberly-Clark in the fourth quarter valued at about $437,420,000. FMR LLC raised its position in shares of Kimberly-Clark by 74.9% during the 3rd quarter. FMR LLC now owns 2,442,610 shares of the company’s stock valued at $295,189,000 after acquiring an additional 1,046,155 shares in the last quarter. American Century Companies Inc. lifted its stake in Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after purchasing an additional 641,187 shares during the last quarter. Royal Bank of Canada boosted its holdings in Kimberly-Clark by 31.4% in the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after purchasing an additional 524,632 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Kimberly-Clark by 552.4% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock valued at $55,163,000 after purchasing an additional 386,497 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $131.94 on Friday. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $139.75. The stock’s fifty day moving average is $130.66 and its 200-day moving average is $124.93. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The firm has a market capitalization of $44.43 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 3.54 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. The firm 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%. Kimberly-Clark’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $1.67 EPS. Equities analysts anticipate that Kimberly-Clark Co. will post 7.03 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.70%. Kimberly-Clark’s payout ratio is 89.71%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Piper Sandler increased their price target on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. UBS Group boosted their price objective on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $134.85.

Insiders Place Their Bets

In other news, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $136.82, for a total transaction of $524,431.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The disclosure for this sale can be found here. Insiders sold 24,395 shares of company stock worth $3,332,776 over the last ninety days. Company insiders own 0.62% of the company’s stock.

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.