Envestnet Asset Management Inc. Acquires 13,256 Shares of Kimberly-Clark Co. (NYSE:KMB)

Envestnet Asset Management Inc. grew its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 605,619 shares of the company's stock after buying an additional 13,256 shares during the period. Envestnet Asset Management Inc. owned approximately 0.18% of Kimberly-Clark worth $79,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kimberly-Clark in the 4th quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $25,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark during the fourth quarter worth approximately $32,000. Strategic Financial Concepts LLC bought a new position in Kimberly-Clark during the 4th quarter worth $33,000. Finally, Roxbury Financial LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday. Piper Sandler reissued an "overweight" rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. Citigroup reduced their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $145.38.

Kimberly-Clark Price Performance

KMB traded up $2.65 on Monday, reaching $142.41. The stock had a trading volume of 315,482 shares, compared to its average volume of 2,173,075. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $47.23 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The firm has a 50-day moving average of $138.39 and a 200-day moving average of $135.68.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were given a dividend of $1.26 per share. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.54%. The ex-dividend date was Friday, March 7th. Kimberly-Clark's dividend payout ratio (DPR) is currently 66.75%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 2,500 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the transaction, the vice president now owns 2,553 shares in the company, valued at approximately $357,420. The trade was a 49.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.64% of the company's stock.

About Kimberly-Clark

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.