Lynch & Associates IN Has $2.21 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Lynch & Associates IN reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 15,560 shares of the company’s stock after selling 690 shares during the quarter. Lynch & Associates IN’s holdings in Kimberly-Clark were worth $2,213,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Schroder Investment Management Group grew its position in shares of Kimberly-Clark by 2.8% during the 4th quarter. Schroder Investment Management Group now owns 464,053 shares of the company’s stock worth $60,615,000 after buying an additional 12,768 shares during the period. Unigestion Holding SA grew its position in shares of Kimberly-Clark by 8.2% in the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company’s stock valued at $18,145,000 after purchasing an additional 9,643 shares during the period. Farmers Trust Co. grew its position in shares of Kimberly-Clark by 108.6% in the 1st quarter. Farmers Trust Co. now owns 45,088 shares of the company’s stock valued at $6,412,000 after purchasing an additional 23,472 shares during the period. Van ECK Associates Corp grew its position in shares of Kimberly-Clark by 630.9% in the 4th quarter. Van ECK Associates Corp now owns 25,639 shares of the company’s stock valued at $3,360,000 after purchasing an additional 22,131 shares during the period. Finally, NBC Securities Inc. grew its position in shares of Kimberly-Clark by 106,600.0% in the 1st quarter. NBC Securities Inc. now owns 7,469 shares of the company’s stock valued at $1,062,000 after purchasing an additional 7,462 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider now owns 3,997 shares in the company, valued at approximately $518,410.90. This represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Trading Down 0.1%

Shares of Kimberly-Clark stock opened at $130.67 on Tuesday. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The stock has a market cap of $43.36 billion, a P/E ratio of 17.31, a P/E/G ratio of 4.46 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business’s 50 day moving average is $136.65 and its 200-day moving average is $135.16.

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

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Analyst Ratings Changes

Several equities analysts recently issued reports on KMB shares. Wall Street Zen lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. UBS Group boosted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Royal Bank of Canada decreased their price objective on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Piper Sandler decreased their price objective on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Finally, Evercore ISI cut their target price on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $143.73.

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.