Legal & General Group Plc Sells 64,216 Shares of Kimberly-Clark Corporation $KMB

Legal & General Group Plc lessened its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,311,328 shares of the company’s stock after selling 64,216 shares during the period. Legal & General Group Plc’s holdings in Kimberly-Clark were worth $233,190,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KMB. Greatmark Investment Partners Inc. raised its holdings in Kimberly-Clark by 2.9% during the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Kimberly-Clark by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock worth $3,834,000 after buying an additional 100 shares during the last quarter. ORG Wealth Partners LLC lifted its position in Kimberly-Clark by 15.2% in the fourth quarter. ORG Wealth Partners LLC now owns 864 shares of the company’s stock worth $87,000 after buying an additional 114 shares during the last quarter. Advyzon Investment Management LLC lifted its position in Kimberly-Clark by 5.0% in the third quarter. Advyzon Investment Management LLC now owns 2,444 shares of the company’s stock worth $304,000 after buying an additional 117 shares during the last quarter. Finally, Tyche Wealth Partners LLC lifted its position in Kimberly-Clark by 3.9% in the fourth quarter. Tyche Wealth Partners LLC now owns 3,543 shares of the company’s stock worth $358,000 after buying an additional 132 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Performance

KMB stock opened at $100.18 on Thursday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $144.30. The business has a 50-day moving average price of $97.72 and a 200 day moving average price of $101.36. The company has a market capitalization of $33.25 billion, a P/E ratio of 15.73, a PEG ratio of 4.43 and a beta of 0.29. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the business earned $1.93 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s dividend payout ratio is presently 80.38%.

Analyst Ratings Changes

A number of analysts recently issued reports on KMB shares. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. UBS Group raised their price target on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Wells Fargo & Company lowered their price target on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Finally, Bank of America lowered their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $114.93.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.