Aviva PLC Has $40.69 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Aviva PLC decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,484 shares of the company's stock after selling 99,002 shares during the period. Aviva PLC owned 0.09% of Kimberly-Clark worth $40,686,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kimberly-Clark in the fourth quarter valued at about $25,000. Marshall Investment Management LLC bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $32,000. Strategic Financial Concepts LLC bought a new position in Kimberly-Clark in the fourth quarter valued at approximately $33,000. Finally, Roxbury Financial LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $33,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark 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 completion of the transaction, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. The trade was a 58.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is owned by company insiders.

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Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock traded up $2.03 on Friday, hitting $139.52. The stock had a trading volume of 645,218 shares, compared to its average volume of 2,146,351. The stock has a market cap of $46.27 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. The business's 50 day moving average is $138.18 and its two-hundred day moving average is $135.73. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a twelve month low of $123.84 and a twelve month high of $150.45.

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

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were issued a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.61%. Kimberly-Clark's dividend payout ratio (DPR) is currently 66.75%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KMB. Piper Sandler reaffirmed an "overweight" rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. UBS Group upped their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research note on Friday. Finally, Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target 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.