USS Investment Management Ltd Sells 17,206 Shares of Kimberly-Clark Co. (NYSE:KMB)

USS Investment Management Ltd cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,019 shares of the company’s stock after selling 17,206 shares during the period. USS Investment Management Ltd’s holdings in Kimberly-Clark were worth $12,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark in the 4th quarter worth about $25,000. Minot DeBlois Advisors LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth about $29,000. Roxbury Financial LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter worth about $33,000. Finally, Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth about $32,000. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KMB has been the topic of a number of analyst reports. Royal Bank of Canada cut their target price on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their target price on Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. Piper Sandler reduced their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Evercore ISI lowered their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays reduced their target price on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $145.08.

Kimberly-Clark Stock Up 0.6%

Kimberly-Clark stock opened at $141.60 on Wednesday. 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 firm has a market cap of $46.99 billion, a P/E ratio of 18.75, a P/E/G ratio of 4.46 and a beta of 0.35. The business has a fifty day moving average of $137.14 and a two-hundred day moving average of $134.85. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share 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 firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the business posted $2.01 EPS. On average, analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Katy Chen sold 1,794 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the sale, the insider now directly owns 3,098 shares in the company, valued at $405,032.52. This trade represents a 36.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,872 shares of company stock valued at $2,208,684 in the last 90 days. Insiders own 0.64% of the company’s stock.

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.