Zurcher Kantonalbank Zurich Cantonalbank Has $32.06 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 244,627 shares of the company's stock after selling 99,010 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Kimberly-Clark worth $32,056,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KMB. Thompson Siegel & Walmsley LLC boosted its position in shares of Kimberly-Clark by 1.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company's stock valued at $759,000 after buying an additional 77 shares during the last quarter. Truvestments Capital LLC raised its stake in Kimberly-Clark by 2.7% during the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company's stock valued at $424,000 after purchasing an additional 78 shares during the period. Confluence Wealth Services Inc. raised its stake in Kimberly-Clark by 5.1% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company's stock valued at $208,000 after purchasing an additional 80 shares during the period. YHB Investment Advisors Inc. grew its holdings in Kimberly-Clark by 3.4% during the 4th quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company's stock valued at $330,000 after buying an additional 83 shares in the last quarter. Finally, Ascent Wealth Partners LLC grew its holdings 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 buying an additional 90 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Remove Ads

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded down $3.33 during trading on Wednesday, reaching $140.76. 1,006,593 shares of the company's stock traded hands, compared to its average volume of 2,193,656. Kimberly-Clark Co. has a 12 month low of $123.02 and a 12 month high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a market capitalization of $46.69 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The company has a 50 day moving average of $132.96 and a 200-day moving average of $136.48.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly 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 net margin of 12.69% and a return on equity of 201.43%. On average, equities analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company 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. This represents a $5.04 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio is 66.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KMB shares. Wells Fargo & Company dropped their price objective on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Citigroup cut their price objective on 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 reaffirmed an "overweight" rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company 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 the company's 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 completion of the sale, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by insiders.

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.