Kimberly-Clark Co. (NYSE:KMB) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 99.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,034 shares of the company's stock after selling 309,239 shares during the period. International Assets Investment Management LLC's holdings in Kimberly-Clark were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in shares of Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company's stock valued at $2,768,367,000 after acquiring an additional 1,083,824 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kimberly-Clark by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company's stock valued at $1,431,443,000 after purchasing an additional 358,926 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Kimberly-Clark by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company's stock valued at $1,092,388,000 after purchasing an additional 206,671 shares in the last quarter. Nordea Investment Management AB lifted its position 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 worth $358,625,000 after purchasing an additional 464,615 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kimberly-Clark by 0.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company's stock valued at $385,900,000 after purchasing an additional 20,953 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

NYSE KMB opened at $124.56 on Monday. The stock's fifty day moving average price is $133.11 and its 200 day moving average price is $138.40. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The company has a market cap of $41.54 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.76 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company's revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.74 earnings per share. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.92%. Kimberly-Clark's payout ratio is currently 63.29%.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.62% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their target price on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. TD Cowen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target for the company. in a research report on Wednesday, January 8th. Finally, Piper Sandler cut their price objective on shares of Kimberly-Clark from $175.00 to $161.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $147.57.

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.