State of Alaska Department of Revenue Sells 815 Shares of Kimberly-Clark Co. (NYSE:KMB)

State of Alaska Department of Revenue decreased its stake in Kimberly-Clark Co. (NYSE:KMBFree Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,738 shares of the company’s stock after selling 815 shares during the period. State of Alaska Department of Revenue’s holdings in Kimberly-Clark were worth $8,230,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. PFG Investments LLC grew its holdings in shares of Kimberly-Clark by 11.2% during the 3rd quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock valued at $252,000 after purchasing an additional 209 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Kimberly-Clark during the 4th quarter valued at $4,253,000. AE Wealth Management LLC grew its holdings in shares of Kimberly-Clark by 0.3% during the 3rd quarter. AE Wealth Management LLC now owns 240,819 shares of the company’s stock valued at $29,103,000 after purchasing an additional 638 shares during the last quarter. Rockline Wealth Management LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at $1,661,000. Finally, Nordea Investment Management AB grew its holdings in shares of Kimberly-Clark by 28.3% during the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after purchasing an additional 368,505 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the purchase, the director now owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, January 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $123.00 price target on shares of Kimberly-Clark in a research report on Thursday. Piper Sandler increased their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price target for the company from $133.00 to $150.00 in a research report on Thursday. Finally, The Goldman Sachs Group started coverage on shares of Kimberly-Clark in a research report on Friday, March 1st. They set a “buy” rating and a $135.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $132.27.

Get Our Latest Stock Report on KMB

Kimberly-Clark Stock Up 1.6 %

Shares of Kimberly-Clark stock opened at $129.35 on Friday. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The company has a 50-day moving average of $122.75 and a 200 day moving average of $122.05. The firm has a market cap of $43.58 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 4.07 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.87.

Kimberly-Clark (NYSE:KMBGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 6.83 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.77%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date is Thursday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 93.85%.

About Kimberly-Clark

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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