Royal Fund Management LLC Acquires 27,887 Shares of Kimberly-Clark Co. (NYSE:KMB)

Royal Fund Management LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 109.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,448 shares of the company's stock after acquiring an additional 27,887 shares during the quarter. Royal Fund Management LLC's holdings in Kimberly-Clark were worth $7,111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp grew its stake in shares of Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company's stock worth $2,768,367,000 after acquiring an additional 1,083,824 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kimberly-Clark by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company's stock worth $1,431,443,000 after purchasing an additional 358,926 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kimberly-Clark by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company's stock worth $1,092,388,000 after acquiring an additional 206,671 shares in the last quarter. Nordea Investment Management AB increased its position in Kimberly-Clark by 20.4% in the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock valued at $358,625,000 after acquiring an additional 464,615 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kimberly-Clark by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company's stock valued at $385,900,000 after acquiring an additional 20,953 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KMB shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Piper Sandler lowered their price objective on shares of Kimberly-Clark from $175.00 to $161.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Citigroup reduced their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $143.71.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock traded down $0.75 on Tuesday, hitting $126.47. The stock had a trading volume of 1,836,471 shares, compared to its average volume of 1,911,797. The business's 50 day moving average is $132.29 and its two-hundred day moving average is $137.91. The stock has a market cap of $42.17 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 3.56 and a beta of 0.41. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $5.06 billion. During the same quarter in the previous year, the business posted $1.74 earnings per share. Kimberly-Clark's quarterly revenue was down 3.5% on a year-over-year basis. Analysts forecast that Kimberly-Clark Co. will post 7.32 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.86%. Kimberly-Clark's dividend payout ratio is presently 63.29%.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the company'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 owns 5,053 shares of the company's stock, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.62% of the stock is owned by company insiders.

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.