Achmea Investment Management B.V. Buys 97,901 Shares of Kimberly-Clark Co. (NYSE:KMB)

Achmea Investment Management B.V. grew its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 86.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 210,648 shares of the company's stock after purchasing an additional 97,901 shares during the period. Achmea Investment Management B.V. owned approximately 0.06% of Kimberly-Clark worth $27,603,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KMB. Assetmark Inc. lifted its stake in shares of Kimberly-Clark by 85.7% in the 3rd quarter. Assetmark Inc. now owns 14,833 shares of the company's stock valued at $2,110,000 after purchasing an additional 6,847 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter valued at approximately $103,000. Nations Financial Group Inc. IA ADV lifted its stake in shares of Kimberly-Clark by 21.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 6,850 shares of the company's stock valued at $975,000 after purchasing an additional 1,213 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 7.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 13,689 shares of the company's stock valued at $1,948,000 after purchasing an additional 966 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Kimberly-Clark by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 818,018 shares of the company's stock worth $116,388,000 after acquiring an additional 11,937 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Andrew Drexler sold 2,500 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares in the company, valued at $357,420. The trade was a 49.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.62% of the company's stock.

Kimberly-Clark Trading Down 2.9 %

Shares of NYSE KMB opened at $139.88 on Thursday. Kimberly-Clark Co. has a twelve month low of $123.02 and a twelve month high of $150.45. The business has a fifty day simple moving average of $133.14 and a two-hundred day simple moving average of $136.51. The firm has a market cap of $46.40 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

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Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 66.75%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KMB. Piper Sandler reissued an "overweight" rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. UBS Group raised their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Friday, January 24th. TD Cowen lowered Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target for the company. in a research note on Wednesday, January 8th. Finally, StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and an average target price of $143.64.

Kimberly-Clark 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.

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