Swiss National Bank Has $124.67 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Swiss National Bank trimmed its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 951,400 shares of the company's stock after selling 47,900 shares during the period. Swiss National Bank owned approximately 0.29% of Kimberly-Clark worth $124,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp lifted its stake in Kimberly-Clark by 5.9% in the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company's stock valued at $2,768,367,000 after acquiring an additional 1,083,824 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kimberly-Clark by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock worth $1,387,709,000 after buying an additional 529,223 shares in the last quarter. Geode Capital Management LLC grew 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 valued at $1,092,388,000 after acquiring an additional 206,671 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Kimberly-Clark by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company's stock valued at $398,459,000 after acquiring an additional 30,312 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in Kimberly-Clark by 20.4% during the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock worth $358,625,000 after acquiring an additional 464,615 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms have recently commented on KMB. StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Barclays cut their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. 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. Finally, 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. 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. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and a consensus price target of $143.64.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.62% of the stock is owned by insiders.

Kimberly-Clark Stock Performance

Shares of KMB traded down $0.46 during midday trading on Tuesday, reaching $139.45. 1,661,929 shares of the stock were exchanged, compared to its average volume of 2,018,443. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock's 50 day simple moving average is $133.81 and its 200 day simple moving average is $136.38. Kimberly-Clark Co. has a twelve month low of $123.02 and a twelve month high of $150.45. The company has a market cap of $46.25 billion, a P/E ratio of 18.47, a PEG ratio of 4.46 and a beta of 0.36.

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

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.61%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio (DPR) is presently 66.75%.

About Kimberly-Clark

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.