Norges Bank bought a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,445,911 shares of the company's stock, valued at approximately $582,592,000. Norges Bank owned about 1.33% of Kimberly-Clark at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in KMB. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark in the 4th quarter valued at $25,000. Marshall Investment Management LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter worth $25,000. Golden State Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at $32,000. Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth about $33,000. Finally, Roxbury Financial LLC purchased a new position in Kimberly-Clark in the 4th quarter worth about $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
KMB has been the subject of several research reports. Piper Sandler reissued an "overweight" rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. Citigroup dropped their price objective 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. TD Cowen lowered Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. Finally, StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and a consensus price target of $144.85.
View Our Latest Report on KMB
Kimberly-Clark Stock Performance
Shares of NYSE:KMB traded up $1.56 on Monday, hitting $142.27. 1,974,060 shares of the company were exchanged, compared to its average volume of 2,137,648. The firm has a market capitalization of $47.18 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1-year low of $123.84 and a 1-year high of $150.45. The stock's 50 day moving average price is $136.12 and its 200 day moving average price is $135.92.
Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.
Kimberly-Clark Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.54%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark's payout ratio is presently 66.75%.
Insider Activity
In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares of the company's stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.64% of the company's stock.
About Kimberly-Clark
(
Free Report)
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.
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