Allspring Global Investments Holdings LLC Sells 183,097 Shares of Kimberly-Clark Co. (NYSE:KMB)

Allspring Global Investments Holdings LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 45.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 221,534 shares of the company's stock after selling 183,097 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of Kimberly-Clark worth $28,939,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the 3rd quarter worth $29,000. Golden State Wealth Management LLC bought a new position in Kimberly-Clark in the 4th quarter valued at $32,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at $33,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter worth $35,000. Institutional investors own 76.29% of the company's stock.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares of the company's stock, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research reports. Piper Sandler reiterated an "overweight" rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. UBS Group lifted their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Barclays cut their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $143.64.

Kimberly-Clark Stock Up 1.6 %

KMB traded up $2.21 during trading on Wednesday, hitting $137.85. The company had a trading volume of 1,390,202 shares, compared to its average volume of 2,141,568. The company has a market capitalization of $45.72 billion, a PE ratio of 18.26, a PEG ratio of 4.25 and a beta of 0.41. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a one year low of $118.62 and a one year high of $149.30. The firm's 50-day moving average price is $129.89 and its 200 day moving average price is $136.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.51 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's payout ratio is currently 64.64%.

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.