Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Groupama Asset Managment

Groupama Asset Managment decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 69.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,496 shares of the company's stock after selling 7,934 shares during the quarter. Groupama Asset Managment's holdings in Kimberly-Clark were worth $457,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Kimberly-Clark by 3.2% during the third quarter. FMR LLC now owns 572,463 shares of the company's stock worth $81,450,000 after purchasing an additional 17,919 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Kimberly-Clark by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 141,612 shares of the company's stock worth $20,164,000 after acquiring an additional 3,514 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Kimberly-Clark by 4.2% during the third quarter. Janus Henderson Group PLC now owns 47,338 shares of the company's stock worth $6,735,000 after purchasing an additional 1,900 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Kimberly-Clark by 23.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 25,962 shares of the company's stock worth $3,694,000 after acquiring an additional 4,873 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in Kimberly-Clark by 27.1% in the third quarter. IHT Wealth Management LLC now owns 7,115 shares of the company's stock valued at $1,013,000 after acquiring an additional 1,517 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup cut their target price on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research report on Wednesday, January 15th. Piper Sandler reiterated an "overweight" rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, March 28th. StockNews.com upgraded shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and a consensus price target of $144.85.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares of the company's stock, valued at $357,420. This represents a 49.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Up 1.5 %

Shares of NYSE:KMB traded up $1.97 during mid-day trading on Wednesday, hitting $135.25. 2,436,408 shares of the company traded hands, compared to its average volume of 2,149,761. The firm's 50 day simple moving average is $138.05 and its 200 day simple moving average is $135.76. The firm has a market cap of $44.86 billion, a P/E ratio of 17.91, a PEG ratio of 4.46 and a beta of 0.37. 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 Co. has a 52-week low of $123.84 and a 52-week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts' consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a $1.26 dividend. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.73%. Kimberly-Clark's payout ratio is 66.75%.

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.