WINTON GROUP Ltd bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 30,200 shares of the company’s stock, valued at approximately $3,047,000.
Several other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in shares of Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Kimberly-Clark by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after acquiring an additional 24,698 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Kimberly-Clark by 44.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after acquiring an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC boosted its position in shares of Kimberly-Clark by 11.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after acquiring an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC boosted its position in shares of Kimberly-Clark by 20.5% during the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock valued at $1,372,000 after acquiring an additional 1,811 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.
Kimberly-Clark Stock Performance
Shares of NASDAQ KMB opened at $99.04 on Monday. The stock has a market cap of $32.88 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 4.44 and a beta of 0.28. 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 1-year low of $92.42 and a 1-year high of $137.46. The stock’s 50-day moving average is $97.47 and its 200 day moving average is $101.04.
Kimberly-Clark Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.
Key Stories Impacting Kimberly-Clark
Here are the key news stories impacting Kimberly-Clark this week:
- Positive Sentiment: Jim Cramer highlighted Kimberly-Clark as an attractive staple stock, saying he likes it partly because of its pending merger with Kenvue, which may have helped boost investor interest in the name. Article
- Positive Sentiment: Investors are also focusing on Kimberly-Clark’s recent conference presentation and its upcoming dividend schedule, which can attract income-oriented buyers and support the stock during periods of market volatility. Article
- Positive Sentiment: The broader move into consumer staples also appears to be helping, as investors rotate toward more defensive sectors amid sharp weakness in the overall market. Article
- Neutral Sentiment: Kimberly-Clark’s recent conference appearance and prior earnings update reinforced steady fundamentals, but there was no single new operating headline driving the move. Article
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on KMB. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company dropped their price target on 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. Deutsche Bank Aktiengesellschaft dropped their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Finally, Piper Sandler dropped their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $114.93.
Check Out Our Latest Analysis on KMB
Insider Transactions at Kimberly-Clark
In related news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is currently owned by insiders.
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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