Unigestion Holding SA Purchases 33,332 Shares of Kimberly-Clark Co. (NYSE:KMB)

Unigestion Holding SA boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 39.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,980 shares of the company's stock after purchasing an additional 33,332 shares during the period. Unigestion Holding SA's holdings in Kimberly-Clark were worth $15,455,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. grew its holdings in shares of Kimberly-Clark by 5.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company's stock valued at $208,000 after buying an additional 80 shares in the last quarter. YHB Investment Advisors Inc. boosted its position in Kimberly-Clark by 3.4% during the 4th quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company's stock worth $330,000 after acquiring an additional 83 shares during the period. Ascent Wealth Partners LLC grew its stake in Kimberly-Clark by 1.0% during the 4th quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company's stock valued at $1,221,000 after acquiring an additional 90 shares in the last quarter. Silver Lake Advisory LLC increased its holdings in shares of Kimberly-Clark by 0.8% in the 4th quarter. Silver Lake Advisory LLC now owns 11,896 shares of the company's stock valued at $1,559,000 after purchasing an additional 95 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Kimberly-Clark by 5.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,727 shares of the company's stock worth $226,000 after purchasing an additional 96 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Piper Sandler reiterated an "overweight" rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, March 28th. JPMorgan Chase & Co. lifted their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday. StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, Citigroup cut their price target on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $145.38.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded up $2.87 during trading on Friday, reaching $140.36. The stock had a trading volume of 780,616 shares, compared to its average volume of 2,146,799. The stock has a fifty day simple moving average of $138.18 and a two-hundred day simple moving average of $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 52 week low of $123.84 and a 52 week high of $150.45. The firm has a market capitalization of $46.55 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 4.46 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting 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, analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Friday, March 7th. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's payout ratio is currently 66.75%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. This represents a 58.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.64% of the company's stock.

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.