Wellington Management Group LLP Buys 7,729 Shares of Kimberly-Clark Co. (NYSE:KMB)

Wellington Management Group LLP grew its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 36.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,884 shares of the company's stock after buying an additional 7,729 shares during the period. Wellington Management Group LLP's holdings in Kimberly-Clark were worth $3,785,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Kimberly-Clark during the 3rd quarter valued at about $908,000. Continuum Advisory LLC grew its position in Kimberly-Clark by 110.3% in the 3rd quarter. Continuum Advisory LLC now owns 328 shares of the company's stock worth $43,000 after purchasing an additional 172 shares during the period. Barclays PLC raised its stake in Kimberly-Clark by 19.4% during the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock valued at $239,267,000 after buying an additional 273,813 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Kimberly-Clark by 6.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,517 shares of the company's stock valued at $638,000 after buying an additional 261 shares during the period. Finally, M&T Bank Corp grew its holdings in shares of Kimberly-Clark by 0.6% in the third quarter. M&T Bank Corp now owns 153,971 shares of the company's stock worth $21,907,000 after acquiring an additional 868 shares during the period. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

KMB stock traded up $3.10 during midday trading on Thursday, hitting $142.80. The company's stock had a trading volume of 522,384 shares, compared to its average volume of 2,137,759. The firm has a market capitalization of $47.36 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. 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 Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The company has a 50 day moving average of $139.11 and a two-hundred day moving average of $135.75.

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

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.53%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Friday, March 7th. Kimberly-Clark's payout ratio is 66.75%.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. 0.64% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on KMB. Citigroup dropped 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. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Friday, January 24th. Piper Sandler reaffirmed an "overweight" rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Barclays increased their price target on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 27th. Finally, StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average target price of $145.38.

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.