Simmons Bank Sells 3,846 Shares of Kimberly-Clark Co. (NYSE:KMB)

Simmons Bank lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,763 shares of the company’s stock after selling 3,846 shares during the quarter. Simmons Bank’s holdings in Kimberly-Clark were worth $4,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of KMB. Sequoia Financial Advisors LLC boosted its stake in shares of Kimberly-Clark by 204.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after acquiring an additional 13,806 shares in the last quarter. PFG Investments LLC increased its stake in shares of Kimberly-Clark by 11.2% during the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after acquiring an additional 209 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in Kimberly-Clark in the fourth quarter valued at about $4,253,000. Rockline Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $1,661,000. Finally, Nordea Investment Management AB lifted its stake in shares of Kimberly-Clark by 28.3% during the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after buying an additional 368,505 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KMB shares. Piper Sandler lifted their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. Barclays upped their price target on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. HSBC increased their price objective on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four 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 target price of $134.85.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Katy Chen sold 454 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the sale, the insider now owns 520 shares of the company’s stock, valued at approximately $70,324.80. The disclosure for this sale can be found here. Insiders sold a total of 20,562 shares of company stock worth $2,808,345 over the last three months. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

NYSE KMB traded down $0.10 on Wednesday, hitting $135.88. The stock had a trading volume of 1,057,189 shares, compared to its average volume of 2,212,346. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $145.67. The company has a market capitalization of $45.75 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 3.87 and a beta of 0.38. The firm has a 50-day moving average of $128.07 and a 200-day moving average of $123.62.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same period in the previous year, the business posted $1.67 earnings per share. Kimberly-Clark’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts expect that Kimberly-Clark Co. will post 7 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.59%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Kimberly-Clark Company 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.