National Bank of Canada FI Has $33.61 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

National Bank of Canada FI raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 35.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,667 shares of the company’s stock after purchasing an additional 71,398 shares during the quarter. National Bank of Canada FI owned approximately 0.08% of Kimberly-Clark worth $33,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KMB. Charles Schwab Investment Management Inc. increased its stake in Kimberly-Clark by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after acquiring an additional 177,712 shares during the last quarter. American Century Companies Inc. increased its position in Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after buying an additional 641,187 shares in the last quarter. Morgan Stanley increased its holdings in shares of Kimberly-Clark by 4.6% during the third quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after acquiring an additional 212,739 shares in the last quarter. Northern Trust Corp increased its stake in Kimberly-Clark by 4.0% during the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after purchasing an additional 155,066 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Kimberly-Clark by 4.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock worth $415,068,000 after acquiring an additional 148,076 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.6 %

NYSE KMB traded down $0.75 during trading on Monday, hitting $135.34. The stock had a trading volume of 760,071 shares, compared to its average volume of 2,209,302. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $145.67. The company has a market capitalization of $45.57 billion, a PE ratio of 25.02, a PEG ratio of 3.87 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The firm has a 50 day moving average price of $127.48 and a 200 day moving average price of $123.44.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.61%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insider Transactions at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the sale, the vice president now owns 8,053 shares in the company, valued at approximately $1,101,891.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The disclosure for this sale can be found here. Insiders sold 20,562 shares of company stock valued at $2,808,345 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. HSBC boosted their target price on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. The Goldman Sachs Group boosted their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Piper Sandler raised their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, UBS Group lifted their price target on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average target price of $134.85.

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.