Generali Asset Management SPA SGR Invests $6.49 Million in Kimberly-Clark Co. (NYSE:KMB)

Generali Asset Management SPA SGR bought a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 49,498 shares of the company's stock, valued at approximately $6,486,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC boosted its holdings in Kimberly-Clark by 77.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock worth $1,807,000 after buying an additional 6,016 shares during the last quarter. Pensionfund Sabic boosted its position in shares of Kimberly-Clark by 45.5% during the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock worth $1,677,000 after purchasing an additional 4,000 shares in the last quarter. Barclays PLC grew its holdings in shares of Kimberly-Clark by 19.4% in the 3rd 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 period. Aprio Wealth Management LLC increased its position in shares of Kimberly-Clark by 20.0% in the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company's stock valued at $366,000 after buying an additional 466 shares in the last quarter. Finally, West Oak Capital LLC raised its stake 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 period. 76.29% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KMB. Citigroup decreased their target price on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company 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 price objective for the company. in a research report on Wednesday, January 8th. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Piper Sandler reiterated an "overweight" rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Friday, January 24th. Two research 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 an average rating of "Hold" and an average price target of $143.64.

Kimberly-Clark Stock Down 0.6 %

NYSE KMB traded down $0.77 during trading hours on Friday, hitting $138.31. 7,442,508 shares of the company traded hands, compared to its average volume of 2,039,702. The stock has a market capitalization of $45.87 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a twelve month low of $123.84 and a twelve month high of $150.45. The business's 50-day moving average is $134.84 and its 200-day moving average is $136.26. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its 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 net margin of 12.69% and a return on equity of 201.43%. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark's dividend payout ratio (DPR) is 66.75%.

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.