AQR Capital Management LLC Has $118.77 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

AQR Capital Management LLC decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 45.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 859,409 shares of the company’s stock after selling 705,401 shares during the period. AQR Capital Management LLC owned approximately 0.26% of Kimberly-Clark worth $118,770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Kimberly-Clark by 6.2% during the fourth quarter. Parallel Advisors LLC now owns 6,456 shares of the company’s stock worth $785,000 after buying an additional 378 shares during the period. TD Asset Management Inc boosted its position in Kimberly-Clark by 3.4% during the 4th quarter. TD Asset Management Inc now owns 440,530 shares of the company’s stock worth $53,529,000 after acquiring an additional 14,451 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $1,094,000. Treasurer of the State of North Carolina raised its holdings in shares of Kimberly-Clark by 0.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 158,581 shares of the company’s stock valued at $19,269,000 after purchasing an additional 1,488 shares during the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in shares of Kimberly-Clark by 99,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 992 shares of the company’s stock valued at $122,000 after purchasing an additional 991 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.7 %

KMB stock opened at $142.18 on Friday. The business’s fifty day moving average price is $142.22 and its two-hundred day moving average price is $136.43. The stock has a market capitalization of $47.89 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.00 and a beta of 0.39. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the company earned $1.65 EPS. The business’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insiders Place Their Bets

In other news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KMB. Piper Sandler raised their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. TD Cowen initiated coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target for the company. Wells Fargo & Company lowered their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price objective for the company from $115.00 to $160.00 in a report on Thursday, June 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $145.67.

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.