Russell Investments Group Ltd. Lowers Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Russell Investments Group Ltd. decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 590,337 shares of the company's stock after selling 10,276 shares during the period. Russell Investments Group Ltd. owned 0.18% of Kimberly-Clark worth $77,346,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark during the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kimberly-Clark during the fourth quarter valued at about $25,000. Roxbury Financial LLC purchased a new position in Kimberly-Clark in the fourth quarter valued at about $33,000. Golden State Wealth Management LLC purchased a new position in Kimberly-Clark in the fourth quarter valued at about $32,000. Finally, Synergy Asset Management LLC bought a new position in Kimberly-Clark in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares in the company, valued at $357,420. This represents a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.64% of the company's stock.

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Analysts Set New Price Targets

KMB has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Piper Sandler reaffirmed an "overweight" rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Citigroup reduced 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. Finally, Barclays raised their price target on Kimberly-Clark from $138.00 to $144.00 and gave the stock an "equal weight" rating in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Kimberly-Clark has an average rating of "Hold" and a consensus price target of $145.38.

Kimberly-Clark Trading Up 1.7 %

Shares of NYSE KMB traded up $2.35 during mid-day trading on Friday, reaching $139.84. 700,963 shares of the company's stock were exchanged, compared to its average volume of 2,146,504. Kimberly-Clark Co. has a 52-week low of $123.84 and a 52-week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company's 50-day moving average is $138.18 and its 200-day moving average is $135.73. The firm has a market capitalization of $46.38 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 4.46 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were issued a $1.26 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.60%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio is presently 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.