American International Group Inc. Sells 1,963 Shares of Kimberly-Clark Co. (NYSE:KMB)

American International Group Inc. cut its stake in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,228 shares of the company’s stock after selling 1,963 shares during the quarter. American International Group Inc.’s holdings in Kimberly-Clark were worth $15,702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Kimberly-Clark during the 4th quarter valued at approximately $437,420,000. FMR LLC lifted its holdings in Kimberly-Clark by 74.9% in the third quarter. FMR LLC now owns 2,442,610 shares of the company’s stock valued at $295,189,000 after buying an additional 1,046,155 shares during the period. American Century Companies Inc. boosted its position in Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after acquiring an additional 641,187 shares during the last quarter. Royal Bank of Canada raised its position in shares of Kimberly-Clark by 31.4% in the 3rd quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after acquiring an additional 524,632 shares in the last quarter. Finally, Capital World Investors lifted its stake in shares of Kimberly-Clark by 23.8% in the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock valued at $234,114,000 after purchasing an additional 370,094 shares during the period. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 6,390 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $135.59, for a total transaction of $866,420.10. Following the completion of the transaction, the insider now owns 33,649 shares in the company, valued at approximately $4,562,467.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jeffrey P. Melucci sold 6,390 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the sale, the insider now directly owns 33,649 shares in the company, valued at approximately $4,562,467.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katy Chen sold 454 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $135.24, for a total transaction of $61,398.96. Following the sale, the insider now directly owns 520 shares in the company, valued at approximately $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. Company insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. HSBC increased their target price on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Royal Bank of Canada upgraded shares of Kimberly-Clark from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $126.00 to $165.00 in a report on Monday, June 3rd. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $133.00 to $150.00 in a research report on Thursday, March 28th. Finally, UBS Group increased their price target on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $141.31.

Get Our Latest Research Report on Kimberly-Clark

Kimberly-Clark Stock Up 0.0 %

Kimberly-Clark stock traded up $0.06 during midday trading on Friday, hitting $139.49. 1,736,313 shares of the stock were exchanged, compared to its average volume of 2,018,467. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The stock has a market capitalization of $46.97 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 3.72 and a beta of 0.38. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $139.93. The business’s 50-day moving average price is $133.10 and its 200-day moving average price is $126.30.

Kimberly-Clark (NYSE:KMBGet Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business’s revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.67 EPS. On average, research analysts expect that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.50%. Kimberly-Clark’s payout ratio is 89.71%.

Kimberly-Clark Profile

(Free Report)

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.

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.