Exchange Traded Concepts LLC Sells 1,960 Shares of Kimberly-Clark Co. (NYSE:KMB)

Exchange Traded Concepts LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,300 shares of the company's stock after selling 1,960 shares during the quarter. Exchange Traded Concepts LLC's holdings in Kimberly-Clark were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of KMB. State Street Corp boosted its stake in shares of Kimberly-Clark by 5.9% in the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company's stock valued at $2,768,367,000 after purchasing an additional 1,083,824 shares during the last quarter. Sarasin & Partners LLP boosted its stake in Kimberly-Clark by 140.1% in the fourth quarter. Sarasin & Partners LLP now owns 988,294 shares of the company's stock valued at $129,506,000 after acquiring an additional 576,610 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Kimberly-Clark by 1,427.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company's stock valued at $77,284,000 after acquiring an additional 551,158 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Kimberly-Clark by 20.4% in the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock valued at $358,625,000 after purchasing an additional 464,615 shares during the period. Finally, Ilex Capital Partners UK LLP boosted its position in shares of Kimberly-Clark by 140.0% in the 3rd quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company's stock worth $94,278,000 after purchasing an additional 386,510 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 1.5 %

Shares of NYSE KMB traded down $1.92 during mid-day trading on Tuesday, hitting $129.49. The company had a trading volume of 3,388,812 shares, compared to its average volume of 2,093,336. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company has a market capitalization of $43.18 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 3.53 and a beta of 0.41. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a 50-day simple moving average of $131.75 and a two-hundred day simple moving average of $137.49.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. On average, equities analysts expect that Kimberly-Clark Co. will post 7.32 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.89%. Kimberly-Clark's dividend payout ratio (DPR) is 63.29%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Friday. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a research note on Tuesday, October 8th. Finally, Piper Sandler lowered their price target on Kimberly-Clark from $175.00 to $161.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $143.71.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now owns 5,053 shares of the company's stock, valued at approximately $702,417.53. This represents a 37.25 % 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. Corporate insiders own 0.62% of the company's stock.

Kimberly-Clark 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.