Ritholtz Wealth Management Reduces Holdings in Kimberly-Clark Co. (NYSE:KMB)

Ritholtz Wealth Management lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,080 shares of the company's stock after selling 2,850 shares during the quarter. Ritholtz Wealth Management's holdings in Kimberly-Clark were worth $1,059,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp boosted its position in Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company's stock worth $2,768,367,000 after purchasing an additional 1,083,824 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Kimberly-Clark by 1,427.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company's stock worth $77,284,000 after buying an additional 551,158 shares during the last quarter. Marshall Wace LLP grew its position in Kimberly-Clark by 48.4% during the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company's stock valued at $213,539,000 after buying an additional 503,839 shares during the period. Nordea Investment Management AB increased its holdings in Kimberly-Clark by 20.4% during the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock valued at $358,625,000 after buying an additional 464,615 shares during the last quarter. Finally, Ilex Capital Partners UK LLP raised its position in Kimberly-Clark by 140.0% in the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company's stock worth $94,278,000 after acquiring an additional 386,510 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KMB shares. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada restated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. TD Cowen cut Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. Piper Sandler reduced their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $143.71.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company's stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded up $0.68 during trading on Monday, reaching $127.33. 2,056,622 shares of the stock traded hands, compared to its average volume of 1,808,543. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week 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 business has a fifty day simple moving average of $132.41 and a two-hundred day simple moving average of $137.98. The company has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 2.69 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 EPS. Sell-side analysts expect that Kimberly-Clark Co. will post 7.31 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark's payout ratio is 63.29%.

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.