Kimberly-Clark Corporation $KMB Shares Acquired by Sei Investments Co.

Key Points

• Sei Investments increased its Kimberly-Clark stake by 24.7% in the first quarter, bringing its holdings to 290,634 shares valued at approximately $28 million. Institutional investors collectively own 76.29% of the company.
• Analysts maintain a predominantly cautious outlook, with an average rating of “Hold” and an average price target of $117.93. Recent target changes ranged from $109 to $121.
• Kimberly-Clark reported quarterly earnings and revenue above expectations, while maintaining a quarterly dividend of $1.28 per share, equivalent to a 4.6% annual yield.

Sei Investments Co. increased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 24.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 290,634 shares of the company's stock after buying an additional 57,538 shares during the period. Sei Investments Co. owned about 0.09% of Kimberly-Clark worth $28,038,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ally Financial Inc. acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $1,009,000. Westpac Banking Corp raised its holdings in Kimberly-Clark by 25.0% in the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company's stock valued at $5,462,000 after acquiring an additional 10,811 shares in the last quarter. Oddo BHF Asset Management Sas raised its holdings in Kimberly-Clark by 29.6% in the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company's stock valued at $6,234,000 after acquiring an additional 14,115 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Kimberly-Clark by 50.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company's stock valued at $790,934,000 after acquiring an additional 2,628,206 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Kimberly-Clark during the 4th quarter valued at $1,047,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMB. UBS Group boosted their target price on shares of Kimberly-Clark from $106.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a "hold" rating on the stock in a research report on Monday, March 30th. Wells Fargo & Company boosted their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday, July 8th. Bank of America cut their price objective on Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, April 10th. Finally, Piper Sandler increased their target price on Kimberly-Clark from $115.00 to $121.00 and gave the stock an "overweight" rating in a report on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $117.93.

Kimberly-Clark Trading Up 1.6%

Kimberly-Clark stock opened at $111.44 on Tuesday. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $137.46. The firm's 50-day moving average is $104.68 and its 200-day moving average is $102.12. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The company has a market cap of $36.99 billion, a P/E ratio of 17.49, a PEG ratio of 4.92 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Kimberly-Clark Corporation will post 7.47 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, June 5th. Kimberly-Clark's dividend payout ratio is presently 80.38%.

Insider Buying and Selling

In related news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction on Monday, May 4th. The stock was 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 in the company, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 7,096 shares of company stock worth $689,687 over the last quarter. Insiders own 0.75% of the company's stock.

About Kimberly-Clark

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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