Voya Investment Management LLC Purchases 8,666 Shares of Kimberly-Clark Co. (NYSE:KMB)

Voya Investment Management LLC grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,963 shares of the company's stock after acquiring an additional 8,666 shares during the period. Voya Investment Management LLC's holdings in Kimberly-Clark were worth $20,044,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Park Avenue Securities LLC boosted its position in shares of Kimberly-Clark by 77.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock worth $1,807,000 after purchasing an additional 6,016 shares in the last quarter. Pensionfund Sabic raised its stake in Kimberly-Clark by 45.5% during the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock worth $1,677,000 after buying an additional 4,000 shares during the period. Barclays PLC boosted its holdings in Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company's stock worth $239,267,000 after acquiring an additional 273,813 shares in the last quarter. Aprio Wealth Management LLC grew its stake in Kimberly-Clark by 20.0% in the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company's stock valued at $366,000 after acquiring an additional 466 shares during the period. Finally, West Oak Capital LLC increased its holdings in shares of Kimberly-Clark by 20,377.6% during the fourth quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock valued at $4,428,000 after acquiring an additional 33,623 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now owns 2,553 shares in the company, valued at approximately $357,420. The trade was a 49.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on KMB. Piper Sandler decreased their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday. Royal Bank of Canada dropped their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. UBS Group lifted their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Finally, Wells Fargo & Company upped their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and a consensus price target of $145.08.

Kimberly-Clark Trading Down 0.6 %

Shares of NYSE KMB opened at $131.58 on Friday. The stock has a market cap of $43.64 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. 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 Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The firm has a 50-day moving average of $139.62 and a 200 day moving average of $135.50.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period last year, the company earned $2.01 earnings per share. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.83%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Friday, March 7th. Kimberly-Clark's dividend payout ratio is 68.66%.

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.

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