MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 15,579 Shares of Kimberly-Clark Co. (NYSE:KMB)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 27.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,825 shares of the company’s stock after purchasing an additional 15,579 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Kimberly-Clark were worth $10,215,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KMB. Brighton Jones LLC boosted its stake in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares during the period. Van ECK Associates Corp boosted its stake in Kimberly-Clark by 630.9% in the 4th quarter. Van ECK Associates Corp now owns 25,639 shares of the company’s stock valued at $3,360,000 after purchasing an additional 22,131 shares during the period. V Square Quantitative Management LLC boosted its stake in Kimberly-Clark by 3.0% in the 4th quarter. V Square Quantitative Management LLC now owns 7,293 shares of the company’s stock valued at $956,000 after purchasing an additional 210 shares during the period. AustralianSuper Pty Ltd boosted its stake in Kimberly-Clark by 644.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 185,163 shares of the company’s stock valued at $24,264,000 after purchasing an additional 160,279 shares during the period. Finally, Blue Trust Inc. boosted its stake in Kimberly-Clark by 117.0% in the 4th quarter. Blue Trust Inc. now owns 10,479 shares of the company’s stock valued at $1,373,000 after purchasing an additional 5,649 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KMB shares. UBS Group upped their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Wells Fargo & Company upped their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. JPMorgan Chase & Co. upped their target price on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research report on Friday, April 11th. Piper Sandler cut their target price on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Finally, Evercore ISI cut their target price on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $143.73.

Insider Activity

In related news, insider Katy Chen sold 740 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now owns 3,997 shares in the company, valued at $518,410.90. This represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $130.84 on Friday. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The business has a 50-day simple moving average of $136.70 and a two-hundred day simple moving average of $135.25. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market cap of $43.41 billion, a PE ratio of 17.33, a PEG ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the prior year, the firm earned $2.01 EPS. Analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.85%. Kimberly-Clark’s payout ratio is 68.66%.

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.