Citigroup Inc. Cuts Holdings in Kimberly-Clark Co. (NYSE:KMB)

Citigroup Inc. lessened its position in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 379,793 shares of the company’s stock after selling 22,949 shares during the period. Citigroup Inc.’s holdings in Kimberly-Clark were worth $45,898,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its holdings in Kimberly-Clark by 552.4% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock worth $55,163,000 after acquiring an additional 386,497 shares during the period. Prime Capital Investment Advisors LLC increased its holdings in Kimberly-Clark by 1.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,791 shares of the company’s stock worth $1,304,000 after acquiring an additional 199 shares during the period. Wealth Alliance increased its holdings in Kimberly-Clark by 14.1% during the 3rd quarter. Wealth Alliance now owns 7,451 shares of the company’s stock worth $900,000 after acquiring an additional 918 shares during the period. Blair William & Co. IL increased its holdings in shares of Kimberly-Clark by 17.7% in the 3rd quarter. Blair William & Co. IL now owns 127,462 shares of the company’s stock worth $15,404,000 after buying an additional 19,176 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Kimberly-Clark by 15.6% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 67,998 shares of the company’s stock worth $8,218,000 after buying an additional 9,158 shares during the last quarter. Institutional investors own 74.38% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $121.71, for a total value of $365,130.00. Following the completion of the sale, the insider now directly owns 25,169 shares of the company’s stock, valued at approximately $3,063,318.99. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Jeffrey P. Melucci sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $121.71, for a total value of $365,130.00. Following the completion of the sale, the insider now directly owns 25,169 shares of the company’s stock, valued at approximately $3,063,318.99. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark T. Smucker bought 827 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the transaction, the director now owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Kimberly-Clark Trading Down 0.4 %

Shares of KMB opened at $119.81 on Monday. The stock has a market capitalization of $40.36 billion, a P/E ratio of 23.04, a PEG ratio of 3.77 and a beta of 0.41. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94. The firm has a fifty day simple moving average of $121.68 and a two-hundred day simple moving average of $123.15. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87.

Kimberly-Clark (NYSE:KMBGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $1.54 EPS. On average, research analysts anticipate that Kimberly-Clark Co. will post 6.83 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be given a dividend of $1.22 per share. The ex-dividend date is Thursday, March 7th. This represents a $4.88 annualized dividend and a yield of 4.07%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio is presently 90.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMB. Bank of America lowered shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $135.00 to $115.00 in a report on Friday, December 15th. Piper Sandler began coverage on shares of Kimberly-Clark in a report on Friday, November 17th. They issued an “overweight” rating and a $146.00 price target on the stock. Royal Bank of Canada decreased their price target on shares of Kimberly-Clark from $125.00 to $123.00 and set a “sector perform” rating on the stock in a report on Thursday, January 25th. JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, January 18th. Finally, Barclays reduced their target price on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating on the stock in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $130.14.

View Our Latest Stock Report on Kimberly-Clark

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.

Further Reading

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Co. (NYSE:KMBFree Report).

Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.