Kimberly-Clark Corporation $KMB Shares Sold by Amundi

Amundi cut its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 19.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,626,991 shares of the company’s stock after selling 402,166 shares during the quarter. Amundi’s holdings in Kimberly-Clark were worth $156,956,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greatmark Investment Partners Inc. raised its position in shares of Kimberly-Clark by 2.9% in the fourth quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock worth $356,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after acquiring an additional 100 shares during the period. New Mexico Educational Retirement Board grew its position in shares of Kimberly-Clark by 0.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after acquiring an additional 100 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Kimberly-Clark by 18.3% in the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after purchasing an additional 103 shares in the last quarter. Finally, Core Wealth Partners LLC increased its stake in shares of Kimberly-Clark by 2.6% in the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock valued at $439,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $109.31 on Friday. The company has a market cap of $36.28 billion, a P/E ratio of 17.16, a P/E/G ratio of 4.94 and a beta of 0.26. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $137.46. The company’s 50-day moving average price is $105.76 and its 200-day moving average price is $102.46. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. Kimberly-Clark’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.47 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s payout ratio is currently 80.38%.

Insider Buying and Selling

In related news, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The SEC filing for this sale provides additional information. 0.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KMB shares. Bank of America lowered their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Piper Sandler boosted their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Wells Fargo & Company upped their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Barclays increased their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $117.93.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.