Norges Bank Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

Norges Bank purchased a new stake in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,599,869 shares of the company’s stock, valued at approximately $437,420,000. Norges Bank owned 1.07% of Kimberly-Clark at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Kimberly-Clark by 74.9% during the 3rd quarter. FMR LLC now owns 2,442,610 shares of the company’s stock worth $295,189,000 after purchasing an additional 1,046,155 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after buying an additional 641,187 shares in the last quarter. Royal Bank of Canada grew its position in shares of Kimberly-Clark by 31.4% in the 3rd quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after buying an additional 524,632 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Kimberly-Clark by 552.4% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock worth $55,163,000 after acquiring an additional 386,497 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Kimberly-Clark by 28.3% during the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after acquiring an additional 368,505 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KMB has been the topic of several analyst reports. Barclays lifted their price target on shares of Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Royal Bank of Canada increased their price objective on shares of Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 24th. Piper Sandler boosted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. UBS Group raised their price target on shares of Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, StockNews.com raised shares of Kimberly-Clark from a “buy” rating to a “strong-buy” rating in a report on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $134.85.

Get Our Latest Stock Report on Kimberly-Clark

Kimberly-Clark Stock Down 0.5 %

Shares of KMB stock opened at $133.66 on Tuesday. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $144.80. The stock has a market cap of $45.00 billion, a P/E ratio of 24.57, a P/E/G ratio of 3.60 and a beta of 0.38. The stock has a 50 day moving average of $130.11 and a 200 day moving average of $124.61. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMBGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the previous year, the business earned $1.67 EPS. Kimberly-Clark’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.03 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s payout ratio is 89.71%.

Insider Activity

In related news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated 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 sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The shares were 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 $109,050.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the transaction, the vice president now owns 8,053 shares in the company, valued at $1,101,891.99. The disclosure for this sale can be found here. Insiders have sold a total of 24,395 shares of company stock worth $3,332,776 over the last 90 days. 0.62% of the stock is currently owned by company insiders.

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.

See Also

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

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