Krane Funds Advisors LLC Sells 168 Shares of Kimberly-Clark Co. (NYSE:KMB)

Krane Funds Advisors LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,586 shares of the company’s stock after selling 168 shares during the quarter. Krane Funds Advisors LLC’s holdings in Kimberly-Clark were worth $510,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Park Avenue Securities LLC boosted its position in shares of Kimberly-Clark by 13.7% during the 1st quarter. Park Avenue Securities LLC now owns 7,274 shares of the company’s stock worth $941,000 after purchasing an additional 878 shares in the last quarter. International Assets Investment Management LLC grew its position in Kimberly-Clark by 14.1% in the 1st quarter. International Assets Investment Management LLC now owns 2,318 shares of the company’s stock valued at $299,000 after purchasing an additional 286 shares during the period. Riverview Trust Co acquired a new position in Kimberly-Clark during the first quarter worth $69,000. Columbus Macro LLC bought a new position in shares of Kimberly-Clark in the first quarter valued at $2,043,000. Finally, Thompson Investment Management Inc. grew its holdings in shares of Kimberly-Clark by 0.9% during the first quarter. Thompson Investment Management Inc. now owns 38,286 shares of the company’s stock valued at $4,952,000 after buying an additional 339 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on KMB shares. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Piper Sandler raised their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, BNP Paribas began coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $149.14.

Kimberly-Clark Price Performance

Shares of KMB opened at $144.21 on Tuesday. The firm’s 50-day simple moving average is $143.27 and its two-hundred day simple moving average is $138.59. Kimberly-Clark Co. has a fifty-two week low of $116.63 and a fifty-two week high of $149.30. The stock has a market cap of $48.56 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the business earned $1.65 EPS. Kimberly-Clark’s revenue was down 2.0% compared to the same quarter last year. Analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were given a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.38%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

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.