Envestnet Portfolio Solutions Inc. Trims Position in Kimberly-Clark Co. (NYSE:KMB)

Envestnet Portfolio Solutions Inc. cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,483 shares of the company's stock after selling 9,618 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Kimberly-Clark were worth $6,877,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of KMB. State Street Corp increased its position in Kimberly-Clark by 5.9% during the third quarter. State Street Corp now owns 19,304,396 shares of the company's stock worth $2,768,367,000 after buying an additional 1,083,824 shares during the last quarter. Raymond James Financial Inc. bought a new position in Kimberly-Clark in the 4th quarter valued at about $127,436,000. Sarasin & Partners LLP lifted its position in Kimberly-Clark by 140.1% during the fourth quarter. Sarasin & Partners LLP now owns 988,294 shares of the company's stock worth $129,506,000 after acquiring an additional 576,610 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Kimberly-Clark by 1,427.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company's stock worth $77,284,000 after acquiring an additional 551,158 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Kimberly-Clark by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock valued at $1,387,709,000 after purchasing an additional 529,223 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts recently commented on KMB shares. Piper Sandler reaffirmed an "overweight" rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Barclays decreased their target price 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. decreased 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $143.64.

Insider Activity at Kimberly-Clark

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 sale, the vice president now owns 2,553 shares of the company's stock, valued at $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Performance

KMB stock traded down $0.54 during mid-day trading on Wednesday, hitting $139.00. The company had a trading volume of 639,012 shares, compared to its average volume of 2,012,385. Kimberly-Clark Co. has a 12 month low of $123.02 and a 12 month high of $150.45. The stock's fifty day moving average price is $134.05 and its two-hundred day moving average price is $136.34. The firm has a market cap of $46.10 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.63%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio (DPR) is 66.75%.

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.