1,896 Shares in Kimberly-Clark Co. (NYSE:KMB) Acquired by Sendero Wealth Management LLC

Sendero Wealth Management LLC purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,896 shares of the company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers increased its position in Kimberly-Clark by 0.5% during the fourth quarter. Rhumbline Advisers now owns 728,728 shares of the company’s stock worth $95,492,000 after purchasing an additional 3,273 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Kimberly-Clark by 2.8% in the fourth quarter. Schroder Investment Management Group now owns 464,053 shares of the company’s stock worth $60,615,000 after acquiring an additional 12,768 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Kimberly-Clark by 16.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 279,044 shares of the company’s stock worth $36,776,000 after acquiring an additional 38,529 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Kimberly-Clark by 3.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 844,363 shares of the company’s stock worth $110,645,000 after acquiring an additional 26,345 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Kimberly-Clark by 293.9% in the fourth quarter. Retirement Systems of Alabama now owns 288,374 shares of the company’s stock worth $37,789,000 after acquiring an additional 215,164 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. UBS Group increased their price objective 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. Wells Fargo & Company increased their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Evercore ISI dropped their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Finally, Piper Sandler dropped their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $145.08.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $138.43 on Thursday. The company has a market capitalization of $45.93 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The firm has a fifty day simple moving average of $137.63 and a 200-day simple moving average of $135.48. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same period in the prior year, the firm posted $2.01 EPS. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.64%. The ex-dividend date is Friday, June 6th. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares of the company’s stock, valued at $518,410.90. This trade represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is owned by company insiders.

About Kimberly-Clark

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.