Canada Pension Plan Investment Board Has $109.71 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Canada Pension Plan Investment Board reduced its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 15.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 837,204 shares of the company's stock after selling 147,179 shares during the period. Canada Pension Plan Investment Board owned about 0.25% of Kimberly-Clark worth $109,707,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Park Avenue Securities LLC boosted its holdings in shares of Kimberly-Clark by 77.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock valued at $1,807,000 after purchasing an additional 6,016 shares during the last quarter. Pensionfund Sabic grew its position in Kimberly-Clark by 45.5% during the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock valued at $1,677,000 after acquiring an additional 4,000 shares during the period. Barclays PLC lifted its stake 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 purchasing an additional 273,813 shares in the last quarter. Aprio Wealth Management LLC lifted its position in Kimberly-Clark by 20.0% during the fourth 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 shares of Kimberly-Clark by 20,377.6% in the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock valued at $4,428,000 after acquiring an additional 33,623 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMB has been the subject of several analyst reports. StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. 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. UBS Group raised their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Evercore ISI reduced their target price on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Piper Sandler reiterated an "overweight" rating and set a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus target price of $146.93.

Kimberly-Clark Stock Down 4.6 %

NYSE:KMB traded down $6.34 during trading hours on Wednesday, hitting $131.58. 1,456,847 shares of the company's stock traded hands, compared to its average volume of 2,136,144. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The firm has a market cap of $43.64 billion, a P/E ratio of 17.43, a P/E/G ratio of 4.46 and a beta of 0.37. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock's fifty day moving average price is $139.70 and its two-hundred day moving average price is $135.69.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the business posted $2.01 EPS. On average, research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.83%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date was Friday, March 7th. Kimberly-Clark's payout ratio is presently 66.75%.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction dated 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 completion of the transaction, the vice president now owns 7,720 shares of the company's stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is currently owned by company insiders.

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.