Krane Funds Advisors LLC Has $386,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

Krane Funds Advisors LLC reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 14.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,717 shares of the company’s stock after selling 474 shares during the period. Krane Funds Advisors LLC’s holdings in Kimberly-Clark were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KMB. First Pacific Financial acquired a new position in Kimberly-Clark during the first quarter valued at $26,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at $29,000. Rossby Financial LCC purchased a new position in shares of Kimberly-Clark during the 1st quarter valued at $37,000. OFI Invest Asset Management acquired a new position in shares of Kimberly-Clark in the fourth quarter worth $38,000. Finally, Menard Financial Group LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

NYSE KMB opened at $131.61 on Wednesday. The stock has a 50-day simple moving average of $134.28 and a 200 day simple moving average of $134.72. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The stock has a market capitalization of $43.67 billion, a PE ratio of 17.43, a P/E/G ratio of 4.46 and a beta of 0.38. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period in the previous year, the company earned $2.01 earnings per share. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 yield of 3.83%. The ex-dividend date is Friday, June 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 68.66%.

Insiders Place Their Bets

In other news, insider Katy Chen sold 740 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the transaction, the insider owned 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KMB. Evercore ISI dropped their price objective on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Piper Sandler cut their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Royal Bank Of Canada reduced their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. UBS Group increased their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Finally, Wells Fargo & Company boosted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $143.50.

Kimberly-Clark Company 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.