Allianz SE Acquires Shares of 6,950 Kimberly-Clark Co. (NYSE:KMB)

Allianz SE purchased a new position in Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,950 shares of the company’s stock, valued at approximately $908,000.

A number of other hedge funds have also added to or reduced their stakes in KMB. FMR LLC increased its holdings in Kimberly-Clark by 3.2% during the 3rd quarter. FMR LLC now owns 572,463 shares of the company’s stock worth $81,450,000 after purchasing an additional 17,919 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Kimberly-Clark by 140.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 433,409 shares of the company’s stock worth $61,665,000 after buying an additional 253,283 shares in the last quarter. L.M. Kohn & Company purchased a new position in shares of Kimberly-Clark during the third quarter valued at $231,000. Erste Asset Management GmbH bought a new stake in shares of Kimberly-Clark in the third quarter valued at about $5,616,000. Finally, Kestra Investment Management LLC purchased a new stake in Kimberly-Clark in the third quarter worth about $572,000. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KMB has been the subject of several recent research reports. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Barclays boosted their price objective on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $144.85.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is currently owned by insiders.

Kimberly-Clark Trading Up 0.1 %

Shares of Kimberly-Clark stock opened at $140.73 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45. The firm has a market capitalization of $46.67 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 4.46 and a beta of 0.36. The firm’s 50 day simple moving average is $136.12 and its two-hundred day simple moving average is $135.92.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid 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 3.58%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Kimberly-Clark Company 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.