Allspring Global Investments Holdings LLC Sells 38,638 Shares of Kimberly-Clark Co. (NYSE:KMB)

Allspring Global Investments Holdings LLC lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 6.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 589,173 shares of the company’s stock after selling 38,638 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Kimberly-Clark were worth $76,210,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KMB. Rise Advisors LLC raised its stake in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after acquiring an additional 176 shares during the period. Cranbrook Wealth Management LLC raised its stake in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $35,000. Bruce G. Allen Investments LLC bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $37,000. Finally, Northwest Financial Advisors bought a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $40,000. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Wells Fargo & Company lifted their price objective on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group raised their target price on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $141.64.

Kimberly-Clark Trading Down 0.2 %

NYSE KMB traded down $0.25 on Tuesday, hitting $137.57. 225,890 shares of the stock were exchanged, compared to its average volume of 2,146,969. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The stock has a fifty day moving average price of $135.86 and a two-hundred day moving average price of $127.56. The firm has a market capitalization of $46.32 billion, a P/E ratio of 25.33, a P/E/G ratio of 3.11 and a beta of 0.37. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $142.20.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. Kimberly-Clark’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 earnings per share. Research analysts forecast that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider Activity

In other news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katy Chen sold 454 shares of Kimberly-Clark stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the sale, the insider now owns 520 shares of the company’s stock, valued at $70,324.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,395 shares of company stock valued at $3,332,776. 0.62% of the stock is currently owned by company insiders.

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.