Kimberly-Clark Corporation $KMB Shares Bought by Thompson Investment Management Inc.

Key Points

• Thompson Investment Management Inc. boosted its Q4 holding in Kimberly‑Clark by 67.2%, adding 21,202 shares to reach 52,771 shares valued at about $5.324 million.
• Several large institutions also moved into or raised stakes—most notably Norges Bank’s new position of roughly $556.1 million—and institutional investors now own about 76.29% of the stock.
• Kimberly‑Clark increased its quarterly dividend to $1.28 (annualized $5.12), a 5.2% yield; the ex‑dividend date is March 6 and the payment is scheduled for April 2.

Thompson Investment Management Inc. lifted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 67.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,771 shares of the company's stock after acquiring an additional 21,202 shares during the period. Thompson Investment Management Inc.'s holdings in Kimberly-Clark were worth $5,324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Norges Bank purchased a new position in Kimberly-Clark in the 2nd quarter valued at approximately $556,114,000. Federated Hermes Inc. raised its stake in shares of Kimberly-Clark by 350.2% in the second quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company's stock valued at $204,105,000 after acquiring an additional 1,231,501 shares in the last quarter. State Street Corp grew its stake in Kimberly-Clark by 5.0% during the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company's stock worth $2,615,382,000 after purchasing an additional 997,397 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Kimberly-Clark by 32,568.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company's stock worth $126,138,000 after purchasing an additional 975,424 shares during the period. Finally, Sarasin & Partners LLP raised its position in Kimberly-Clark by 88.9% in the 3rd quarter. Sarasin & Partners LLP now owns 2,048,544 shares of the company's stock valued at $251,274,000 after purchasing an additional 963,978 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

KMB opened at $98.66 on Monday. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. Kimberly-Clark Corporation has a 12 month low of $96.26 and a 12 month high of $147.12. The stock has a market capitalization of $32.75 billion, a P/E ratio of 16.25, a P/E/G ratio of 3.51 and a beta of 0.24. The business has a 50 day simple moving average of $103.43 and a 200-day simple moving average of $107.86.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.05. The firm had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.Kimberly-Clark's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, March 6th. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a yield of 5.2%. Kimberly-Clark's dividend payout ratio (DPR) is currently 84.35%.

Analyst Upgrades and Downgrades

KMB has been the topic of a number of recent research reports. Piper Sandler reduced their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating on the stock in a report on Friday, March 13th. Zacks Research cut shares of Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Kimberly-Clark in a report on Friday. Citigroup cut their price target on shares of Kimberly-Clark from $95.00 to $90.00 and set a "sell" rating on the stock in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company set a $110.00 price objective on Kimberly-Clark in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and a consensus price target of $116.42.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.64% of the company's stock.

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.

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