Rhumbline Advisers Increases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Rhumbline Advisers raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 728,728 shares of the company's stock after acquiring an additional 3,273 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of Kimberly-Clark worth $95,492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp raised its position in Kimberly-Clark by 5.9% during the third quarter. State Street Corp now owns 19,304,396 shares of the company's stock valued at $2,768,367,000 after purchasing an additional 1,083,824 shares during the period. Sarasin & Partners LLP boosted its holdings in shares of Kimberly-Clark by 140.1% in the fourth quarter. Sarasin & Partners LLP now owns 988,294 shares of the company's stock valued at $129,506,000 after purchasing an additional 576,610 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Kimberly-Clark by 1,427.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company's stock valued at $77,284,000 after buying an additional 551,158 shares during the period. Nordea Investment Management AB raised its holdings in shares of 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 purchasing an additional 464,615 shares in the last quarter. Finally, Ilex Capital Partners UK LLP lifted its holdings in Kimberly-Clark by 140.0% during the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company's stock worth $94,278,000 after buying an additional 386,510 shares during the period. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Trading Up 1.6 %

KMB traded up $2.21 during trading hours on Wednesday, reaching $137.85. The company's stock had a trading volume of 1,820,611 shares, compared to its average volume of 2,165,535. Kimberly-Clark Co. has a fifty-two week low of $118.62 and a fifty-two week high of $149.30. The business's 50-day moving average is $129.89 and its 200-day moving average is $136.45. The stock has a market cap of $45.72 billion, a PE ratio of 18.26, a P/E/G ratio of 4.25 and a beta of 0.41. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

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, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7.51 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.66%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio is currently 64.64%.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business's stock in a transaction on 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 transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Citigroup cut their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a report on Wednesday, January 15th. Piper Sandler restated an "overweight" rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. TD Cowen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. Finally, Barclays decreased their target price on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued 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 target price of $143.64.

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.