APG Asset Management N.V. Has $69.49 Million Position in Kimberly-Clark Co. (NYSE:KMB)

APG Asset Management N.V. boosted its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 65.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 549,114 shares of the company's stock after purchasing an additional 216,600 shares during the quarter. APG Asset Management N.V. owned approximately 0.16% of Kimberly-Clark worth $69,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KMB. Vanguard Group Inc. lifted its position in Kimberly-Clark by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after buying an additional 4,603,787 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Kimberly-Clark by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock valued at $1,387,709,000 after purchasing an additional 529,223 shares in the last quarter. Geode Capital Management LLC raised its position in Kimberly-Clark by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock valued at $1,113,444,000 after purchasing an additional 797,953 shares during the period. Invesco Ltd. lifted its stake in shares of Kimberly-Clark by 21.9% during the fourth quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock worth $740,868,000 after purchasing an additional 1,015,141 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth about $582,592,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares of the company's stock, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.64% of the company's stock.

Kimberly-Clark Stock Performance

Shares of KMB stock traded up $2.28 on Friday, hitting $139.77. 1,721,534 shares of the stock traded hands, compared to its average volume of 2,151,052. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1-year low of $123.84 and a 1-year high of $150.45. The company's fifty day moving average is $138.39 and its 200 day moving average is $135.72. The company has a market capitalization of $46.35 billion, a PE ratio of 18.51, a PEG ratio of 4.46 and a beta of 0.37.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, equities research analysts predict 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 was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were issued a $1.26 dividend. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.61%. Kimberly-Clark's dividend payout ratio (DPR) is 66.75%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. 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 report on Wednesday, January 29th. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a research report on Wednesday, January 8th. Citigroup cut their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company upped their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, March 28th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $145.38.

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.