Board of the Pension Protection Fund Buys Shares of 7,100 Kimberly-Clark Co. (NYSE:KMB)

Board of the Pension Protection Fund bought a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,100 shares of the company's stock, valued at approximately $930,000.

Several other hedge funds have also recently made changes to their positions in KMB. Pensionfund Sabic increased its holdings in shares of Kimberly-Clark by 45.5% in the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock valued at $1,677,000 after purchasing an additional 4,000 shares during the period. Barclays PLC boosted its position in Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company's stock valued at $239,267,000 after buying an additional 273,813 shares during the last quarter. Vest Financial LLC increased its holdings in Kimberly-Clark by 6.5% in the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company's stock worth $49,409,000 after buying an additional 21,339 shares during the period. West Oak Capital LLC raised its position in Kimberly-Clark by 20,377.6% during the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock worth $4,428,000 after buying an additional 33,623 shares during the last quarter. Finally, Aprio Wealth Management LLC lifted its stake in Kimberly-Clark by 20.0% during the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company's stock valued at $366,000 after acquiring an additional 466 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Citigroup cut their price objective on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a research report on Wednesday. Finally, Piper Sandler decreased their target price on Kimberly-Clark from $175.00 to $161.00 and set an "overweight" rating on the stock in a research report on Monday, January 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. According to data from MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and a consensus target price of $147.07.

Kimberly-Clark Price Performance

Shares of NYSE:KMB traded down $0.58 during midday trading on Wednesday, hitting $125.60. The company's stock had a trading volume of 1,484,808 shares, compared to its average volume of 1,884,212. The company has a market cap of $41.89 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The business's 50 day simple moving average is $132.77 and its 200 day simple moving average is $138.22.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business's revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $1.74 EPS. On average, analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark's payout ratio is currently 63.29%.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 3,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.62% of the company's stock.

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.