XTX Topco Ltd Lowers Stock Position in Kimberly-Clark Co. (NYSE:KMB)

XTX Topco Ltd lowered its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,554 shares of the company's stock after selling 14,398 shares during the period. XTX Topco Ltd's holdings in Kimberly-Clark were worth $1,514,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kimberly-Clark in the 4th quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth about $32,000. Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark during the fourth quarter worth about $33,000. Finally, Roxbury Financial LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on KMB. UBS Group boosted their target price on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Piper Sandler restated an "overweight" rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, Citigroup decreased their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $146.31.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares of the company's stock, valued at $1,088,520. This represents a 58.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.64% of the company's stock.

Kimberly-Clark Price Performance

NYSE:KMB traded up $2.98 during trading hours on Friday, reaching $142.68. 2,108,241 shares of the company traded hands, compared to its average volume of 2,131,823. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The stock has a market cap of $47.32 billion, a P/E ratio of 18.90, a P/E/G ratio of 4.46 and a beta of 0.37. The firm's 50-day moving average is $139.52 and its 200-day moving average is $135.68. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

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 analysts' consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Equities research 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 was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's payout ratio is currently 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.