Kimberly-Clark Co. (NYSE:KMB) Shares Bought by National Pension Service

National Pension Service raised its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 833,376 shares of the company’s stock after buying an additional 25,077 shares during the quarter. National Pension Service owned approximately 0.25% of Kimberly-Clark worth $101,264,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of Kimberly-Clark by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock worth $869,090,000 after purchasing an additional 177,712 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Kimberly-Clark by 14.7% in the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after buying an additional 641,187 shares during the period. Morgan Stanley grew its holdings in Kimberly-Clark by 4.6% in the third quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after purchasing an additional 212,739 shares during the period. Northern Trust Corp raised its holdings in shares of Kimberly-Clark by 4.0% in the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock worth $489,650,000 after acquiring an additional 155,066 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Kimberly-Clark by 4.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock worth $415,068,000 after buying an additional 148,076 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Bank of America boosted their target price on Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their price target on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Piper Sandler raised their target price on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. lifted their target price on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $134.85.

Kimberly-Clark Stock Up 0.2 %

KMB traded up $0.29 on Thursday, hitting $136.22. The company had a trading volume of 339,126 shares, compared to its average volume of 2,204,296. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The stock has a market capitalization of $45.87 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 3.87 and a beta of 0.38. The stock has a fifty day moving average price of $128.07 and a 200-day moving average price of $123.62. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $145.29.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 earnings per share. Analysts predict that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be paid a $1.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.58%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the sale, the vice president now owns 8,053 shares in the company, valued at approximately $1,101,891.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the transaction, the vice president now owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Katy Chen sold 454 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the transaction, the insider now directly owns 520 shares in the company, valued at $70,324.80. The disclosure for this sale can be found here. Insiders have sold 20,562 shares of company stock worth $2,808,345 in the last ninety days. 0.62% of the stock is owned by corporate insiders.

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.