Goldman Sachs Group Inc. Has $244.73 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Goldman Sachs Group Inc. trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,712,387 shares of the company’s stock after selling 200,502 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.51% of Kimberly-Clark worth $244,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. State Street Corp grew its stake in Kimberly-Clark by 1.6% during the fourth quarter. State Street Corp now owns 17,858,070 shares of the company’s stock worth $2,572,147,000 after buying an additional 289,762 shares during the last quarter. Capital Research Global Investors grew its stake in Kimberly-Clark by 56.7% during the fourth quarter. Capital Research Global Investors now owns 11,172,139 shares of the company’s stock worth $1,596,722,000 after buying an additional 4,043,708 shares during the last quarter. Wellington Management Group LLP grew its stake in Kimberly-Clark by 46.2% during the third quarter. Wellington Management Group LLP now owns 7,482,870 shares of the company’s stock worth $991,030,000 after buying an additional 2,363,092 shares during the last quarter. Geode Capital Management LLC grew its stake in Kimberly-Clark by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,605,887 shares of the company’s stock worth $799,062,000 after buying an additional 122,005 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Kimberly-Clark by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,048,251 shares of the company’s stock worth $721,498,000 after buying an additional 189,877 shares during the last quarter. 74.32% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:KMB traded down $0.45 during trading hours on Friday, hitting $139.16. The stock had a trading volume of 1,417,789 shares, compared to its average volume of 2,433,772. Kimberly-Clark Co. has a one year low of $117.32 and a one year high of $145.79. The company has a debt-to-equity ratio of 9.49, a quick ratio of 0.50 and a current ratio of 0.81. The company has a market cap of $46.89 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 4.77 and a beta of 0.37. The business’s 50 day moving average is $128.51 and its 200-day moving average is $133.38.

Kimberly-Clark (NYSE:KMBGet Rating) last issued its earnings results on Friday, April 22nd. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.23 by $0.12. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the prior year, the firm earned $1.80 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 5.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Friday, June 10th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Thursday, June 9th. Kimberly-Clark’s dividend payout ratio is 89.40%.

Several analysts have weighed in on the stock. Citigroup upped their price objective on shares of Kimberly-Clark from $113.00 to $119.00 and gave the stock a “sell” rating in a research note on Thursday, January 27th. Royal Bank of Canada upped their target price on shares of Kimberly-Clark from $122.00 to $124.00 and gave the stock a “sector perform” rating in a research report on Monday, April 25th. The Goldman Sachs Group reduced their target price on shares of Kimberly-Clark from $130.00 to $124.00 in a research report on Tuesday, March 29th. Sanford C. Bernstein lowered shares of Kimberly-Clark from a “market perform” rating to an “underperform” rating and set a $126.00 target price on the stock. in a research report on Wednesday, February 2nd. Finally, StockNews.com began coverage on shares of Kimberly-Clark in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $132.69.

In related news, insider Tristram Wilkinson sold 2,069 shares of the firm’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $137.17, for a total value of $283,804.73. Following the completion of the transaction, the insider now owns 14,102 shares of the company’s stock, valued at $1,934,371.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Doug Cunningham sold 3,627 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $138.00, for a total transaction of $500,526.00. Following the completion of the transaction, the insider now directly owns 4,242 shares of the company’s stock, valued at approximately $585,396. The disclosure for this sale can be found here. Insiders have sold 62,696 shares of company stock valued at $8,807,911 in the last three months. 0.55% of the stock is owned by insiders.

About Kimberly-Clark (Get Rating)

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 Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

See Also

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

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