Kimberly-Clark Co. (NYSE:KMB) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 839,653 shares of the company's stock after selling 33,231 shares during the period. King Luther Capital Management Corp owned approximately 0.25% of Kimberly-Clark worth $110,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWA Asset Management Group LLC purchased a new position in Kimberly-Clark in the 3rd quarter valued at about $515,000. Assetmark Inc. boosted its stake in Kimberly-Clark by 85.7% during the 3rd quarter. Assetmark Inc. now owns 14,833 shares of the company's stock worth $2,110,000 after purchasing an additional 6,847 shares during the last quarter. Baker Avenue Asset Management LP purchased a new stake in shares of Kimberly-Clark during the third quarter worth $255,000. Crossmark Global Holdings Inc. lifted its stake in shares of Kimberly-Clark by 89.1% in the third quarter. Crossmark Global Holdings Inc. now owns 51,104 shares of the company's stock worth $7,271,000 after buying an additional 24,076 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Kimberly-Clark by 59.6% during the third quarter. Los Angeles Capital Management LLC now owns 136,784 shares of the company's stock worth $19,462,000 after acquiring an additional 51,067 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Down 2.4 %

Kimberly-Clark stock traded down $3.42 during mid-day trading on Wednesday, hitting $140.67. The company had a trading volume of 1,140,788 shares, compared to its average volume of 2,041,952. The stock has a market cap of $46.66 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 4.46 and a beta of 0.36. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1 year low of $123.02 and a 1 year high of $150.45. The business has a fifty day moving average of $132.96 and a 200 day moving average of $136.48.

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Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, sell-side analysts expect 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. Stockholders of record on Friday, March 7th will be issued 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 dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark's dividend payout ratio is presently 66.75%.

Analyst Upgrades and Downgrades

A number of analysts have commented on KMB shares. UBS Group increased their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Citigroup reduced their price objective 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. Barclays dropped their target price on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Finally, Piper Sandler reissued an "overweight" rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $143.64.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction 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 completion of the transaction, the vice president now owns 2,553 shares in the company, valued at approximately $357,420. This represents a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.