Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,057,600 shares of the company’s stock after selling 27,700 shares during the period. Swiss National Bank owned about 0.31% of Kimberly-Clark worth $128,509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in shares of Kimberly-Clark during the third quarter worth $25,000. Cranbrook Wealth Management LLC grew its position in Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Centerpoint Advisors LLC increased its stake in shares of Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after acquiring an additional 175 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $35,000. Finally, Legacy Financial Group LLC purchased a new position in Kimberly-Clark in the third quarter worth $37,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Barclays boosted their target price on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group increased their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $134.85.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Paula Ramos sold 10,178 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Melucci sold 6,390 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the transaction, the insider now directly owns 33,649 shares in the company, valued at $4,562,467.91. The disclosure for this sale can be found here. Insiders have sold a total of 20,562 shares of company stock worth $2,808,345 in the last quarter. 0.62% of the stock is owned by insiders.

Kimberly-Clark Stock Performance

Shares of KMB opened at $136.10 on Friday. The company has a market capitalization of $45.83 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 3.89 and a beta of 0.38. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $146.15. The company’s 50 day simple moving average is $127.19 and its 200 day simple moving average is $123.33.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 EPS. On average, sell-side analysts predict that Kimberly-Clark Co. will post 7 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 annualized dividend and a dividend yield of 3.59%. Kimberly-Clark’s payout ratio is currently 89.71%.

About Kimberly-Clark

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.