Envestnet Portfolio Solutions Inc. Reduces Holdings in Kimberly-Clark Co. (NYSE:KMB)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 15.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,483 shares of the company’s stock after selling 9,618 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Kimberly-Clark were worth $6,877,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Pollock Investment Advisors LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $359,000. one8zero8 LLC purchased a new stake in Kimberly-Clark in the 4th quarter valued at $1,028,000. Choate Investment Advisors grew its holdings in Kimberly-Clark by 233.7% in the 4th quarter. Choate Investment Advisors now owns 5,360 shares of the company’s stock valued at $702,000 after buying an additional 3,754 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in Kimberly-Clark by 26.3% in the 4th quarter. Frank Rimerman Advisors LLC now owns 3,379 shares of the company’s stock valued at $443,000 after buying an additional 703 shares in the last quarter. Finally, Van Strum & Towne Inc. grew its holdings in Kimberly-Clark by 11.1% in the 4th quarter. Van Strum & Towne Inc. now owns 3,000 shares of the company’s stock valued at $393,000 after buying an additional 300 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the sale, the vice president now directly owns 2,553 shares of the company’s stock, valued at approximately $357,420. This represents a 49.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $139.98 on Tuesday. Kimberly-Clark Co. has a 1 year low of $123.02 and a 1 year high of $150.45. The stock has a market capitalization of $46.43 billion, a PE ratio of 18.54, a PEG ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a 50-day simple moving average of $133.81 and a 200-day simple moving average of $136.38.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a $1.26 dividend. The ex-dividend date is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.60%. Kimberly-Clark’s dividend payout ratio is currently 66.75%.

Analyst Ratings Changes

Several brokerages have issued reports on KMB. Piper Sandler restated an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Wells Fargo & Company dropped their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Citigroup decreased their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Finally, Barclays decreased their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $143.64.

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.