Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Lessened by Headlands Technologies LLC

Headlands Technologies LLC decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 18.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,429 shares of the company’s stock after selling 1,467 shares during the period. Headlands Technologies LLC’s holdings in Kimberly-Clark were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Kimberly-Clark by 3.2% in the 3rd quarter. FMR LLC now owns 572,463 shares of the company’s stock worth $81,450,000 after purchasing an additional 17,919 shares during the last quarter. Ascent Group LLC increased its position in Kimberly-Clark by 11.2% in the third quarter. Ascent Group LLC now owns 9,274 shares of the company’s stock worth $1,320,000 after buying an additional 931 shares during the period. Hilltop Holdings Inc. lifted its stake in Kimberly-Clark by 11.4% in the third quarter. Hilltop Holdings Inc. now owns 12,874 shares of the company’s stock valued at $1,832,000 after buying an additional 1,314 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Kimberly-Clark by 2.5% during the third quarter. HighTower Advisors LLC now owns 141,612 shares of the company’s stock valued at $20,164,000 after acquiring an additional 3,514 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Kimberly-Clark by 4.2% during the third quarter. Janus Henderson Group PLC now owns 47,338 shares of the company’s stock worth $6,735,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares in the company, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Up 0.0 %

KMB stock opened at $143.07 on Thursday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market cap of $47.45 billion, a PE ratio of 18.95, a P/E/G ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 12 month low of $123.84 and a 12 month high of $150.45. The firm has a 50 day simple moving average of $137.10 and a 200 day simple moving average of $135.97.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share 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%. Equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is presently 66.75%.

Wall Street Analyst Weigh In

KMB has been the subject of several recent analyst reports. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Barclays raised their target price on Kimberly-Clark from $138.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, March 27th. Wells Fargo & Company boosted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Piper Sandler reissued an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, Citigroup reduced their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average target price of $144.85.

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.