Ilmarinen Mutual Pension Insurance Co Grows Stake in Kimberly-Clark Corporation $KMB

Key Points

• Ilmarinen Mutual Pension Insurance Co boosted its Kimberly-Clark stake by 289.3% in the fourth quarter, adding 40,500 shares to reach 54,500 shares valued at about $5.5 million.
• Kimberly-Clark reported stronger-than-expected quarterly results, with EPS of $1.97 and revenue of $4.16 billion, both beating analyst estimates. Revenue also rose 2.7% year over year.
• The company announced a quarterly dividend of $1.28 per share, implying an annualized yield of about 5.1%, while analysts currently rate the stock a consensus Hold with a target price of $114.93.

Ilmarinen Mutual Pension Insurance Co lifted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 289.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,500 shares of the company's stock after buying an additional 40,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Kimberly-Clark were worth $5,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Kimberly-Clark by 50.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company's stock worth $790,934,000 after acquiring an additional 2,628,206 shares in the last quarter. State Street Corp increased its stake in shares of Kimberly-Clark by 5.0% in the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company's stock worth $2,615,382,000 after acquiring an additional 997,397 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Kimberly-Clark by 331.6% in the 3rd quarter. Marshall Wace LLP now owns 1,107,640 shares of the company's stock worth $137,724,000 after acquiring an additional 851,024 shares in the last quarter. M&T Bank Corp increased its position in Kimberly-Clark by 506.1% during the 4th quarter. M&T Bank Corp now owns 758,154 shares of the company's stock valued at $76,490,000 after buying an additional 633,061 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Kimberly-Clark during the 4th quarter valued at approximately $48,807,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analysts Set New Price Targets

KMB has been the subject of a number of analyst reports. Zacks Research lowered shares of Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 3rd. Piper Sandler reduced their target price on Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating for the company in a report on Friday, March 13th. Bank of America reduced their target price on Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 10th. UBS Group boosted their target price on Kimberly-Clark from $105.00 to $106.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and a consensus target price of $114.93.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 1,596 shares of the company's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 company's stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 7,096 shares of company stock valued at $689,687. Corporate insiders own 0.75% of the company's stock.

Kimberly-Clark Stock Performance

KMB opened at $100.14 on Friday. The firm has a market cap of $33.24 billion, a P/E ratio of 15.72, a PEG ratio of 4.49 and a beta of 0.29. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $144.30. The company has a 50 day simple moving average of $97.71 and a two-hundred day simple moving average of $101.33. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share 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 company's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 earnings per share. Equities analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.1%. Kimberly-Clark's dividend payout ratio is 80.38%.

Kimberly-Clark 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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