10,500 Shares in Kimberly-Clark Corporation $KMB Purchased by Pensionfund Sabic

Pensionfund Sabic acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,500 shares of the company’s stock, valued at approximately $1,059,000.

A number of other institutional investors have also bought and sold shares of KMB. Norges Bank acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $556,114,000. Federated Hermes Inc. increased its holdings in shares of Kimberly-Clark by 350.2% in the second quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock valued at $204,105,000 after purchasing an additional 1,231,501 shares during the last quarter. State Street Corp lifted its position in Kimberly-Clark by 5.0% during the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after buying an additional 997,397 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Kimberly-Clark by 32,568.4% during the second quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock worth $126,138,000 after buying an additional 975,424 shares during the last quarter. Finally, Sarasin & Partners LLP boosted its stake in Kimberly-Clark by 88.9% during the third quarter. Sarasin & Partners LLP now owns 2,048,544 shares of the company’s stock worth $251,274,000 after buying an additional 963,978 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BNP Paribas Exane reiterated a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a report on Monday, December 1st. Wells Fargo & Company set a $110.00 price objective on shares of Kimberly-Clark in a research report on Tuesday, February 17th. Piper Sandler reduced their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Finally, TD Cowen cut their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $116.42.

Kimberly-Clark Trading Up 0.4%

NASDAQ KMB opened at $99.36 on Thursday. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The stock has a market capitalization of $32.98 billion, a P/E ratio of 16.37, a PEG ratio of 3.52 and a beta of 0.24. The firm’s 50-day moving average is $103.48 and its two-hundred day moving average is $108.44. Kimberly-Clark Corporation has a 12 month low of $96.26 and a 12 month high of $147.12.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the business posted $1.50 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark’s payout ratio is presently 84.35%.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.