Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. decreased its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 18.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,100 shares of the company's stock after selling 12,530 shares during the quarter. Intact Investment Management Inc.'s holdings in Kimberly-Clark were worth $7,351,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company's stock valued at $2,768,367,000 after buying an additional 1,083,824 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kimberly-Clark by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock worth $1,387,709,000 after purchasing an additional 529,223 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Kimberly-Clark by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company's stock worth $1,092,388,000 after purchasing an additional 206,671 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Kimberly-Clark by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company's stock valued at $398,459,000 after buying an additional 30,312 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in 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 buying an additional 464,615 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

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Insider Activity

In other news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company's stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.62% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KMB. Citigroup decreased 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. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Barclays decreased their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Finally, UBS Group upped their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target of $143.64.

Kimberly-Clark Trading Down 0.3 %

Shares of Kimberly-Clark stock traded down $0.46 during mid-day trading on Tuesday, hitting $139.45. The stock had a trading volume of 1,661,930 shares, compared to its average volume of 2,018,443. Kimberly-Clark Co. has a 12-month low of $123.02 and a 12-month high of $150.45. The firm has a market cap of $46.25 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The firm has a 50-day moving average of $133.81 and a two-hundred day moving average of $136.38. 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 (NYSE:KMB - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.61%. Kimberly-Clark's dividend payout ratio (DPR) is currently 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.