Kimberly-Clark Corporation $KMB Position Boosted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 448,232 shares of the company’s stock after purchasing an additional 9,691 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Kimberly-Clark were worth $45,222,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Kimberly-Clark in the fourth quarter worth about $521,184,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Kimberly-Clark by 50.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after buying an additional 2,628,206 shares during the period. State Street Corp boosted its holdings in shares of Kimberly-Clark by 5.0% in 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 during the period. Marshall Wace LLP boosted its holdings in shares of Kimberly-Clark by 331.6% in the third quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock worth $137,724,000 after buying an additional 851,024 shares during the period. Finally, M&T Bank Corp boosted its holdings in shares of Kimberly-Clark by 506.1% in the fourth quarter. M&T Bank Corp now owns 758,154 shares of the company’s stock worth $76,490,000 after buying an additional 633,061 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

NASDAQ KMB opened at $97.60 on Monday. The company has a 50 day simple moving average of $97.69 and a 200-day simple moving average of $101.29. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The firm has a market capitalization of $32.40 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 4.38 and a beta of 0.28. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $144.30.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.93 earnings per share. Equities research analysts predict that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a $1.28 dividend. 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 is 80.38%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler decreased their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Bank of America decreased their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Finally, Barclays decreased their target price on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $114.93.

Insider Buying and Selling

In other news, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The disclosure for this sale is available in the SEC filing. Insiders sold 7,096 shares of company stock valued at $689,687 over the last three months. 0.75% of the stock is 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.