Natixis Advisors LLC lifted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 115.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 322,455 shares of the company’s stock after purchasing an additional 172,950 shares during the period. Natixis Advisors LLC’s holdings in Kimberly-Clark were worth $32,532,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of KMB. Brighton Jones LLC lifted its position in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after purchasing an additional 2,765 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Kimberly-Clark by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock worth $46,923,000 after purchasing an additional 24,698 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Kimberly-Clark by 44.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock worth $36,698,000 after purchasing an additional 87,455 shares during the period. Main Street Financial Solutions LLC lifted its position in shares of Kimberly-Clark by 11.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock worth $424,000 after purchasing an additional 326 shares during the period. Finally, HUB Investment Partners LLC lifted its position in shares of Kimberly-Clark by 20.5% in the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after purchasing an additional 1,811 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.
Kimberly-Clark Trading Down 0.3%
Shares of Kimberly-Clark stock opened at $94.47 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46. The firm has a market capitalization of $31.36 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 4.25 and a beta of 0.28. The firm’s 50 day simple moving average is $97.48 and its two-hundred day simple moving average is $101.08.
Kimberly-Clark Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a dividend of $1.28 per share. The ex-dividend date is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 5.4%. Kimberly-Clark’s dividend payout ratio is presently 80.38%.
Insider Buying and Selling
In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 7,096 shares of company stock worth $689,687 in the last 90 days. 0.75% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several brokerages have recently weighed in on KMB. Piper Sandler lowered their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Bank of America lowered their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $114.93.
Get Our Latest Stock Analysis on Kimberly-Clark
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.
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