Mackenzie Financial Corp Increases Position in Kimberly-Clark Co. (NYSE:KMB)

Mackenzie Financial Corp grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,781 shares of the company's stock after purchasing an additional 14,172 shares during the period. Mackenzie Financial Corp's holdings in Kimberly-Clark were worth $11,372,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Kimberly-Clark by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock worth $1,387,709,000 after purchasing an additional 529,223 shares during the last quarter. Geode Capital Management LLC increased its position in Kimberly-Clark by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock worth $1,113,444,000 after buying an additional 797,953 shares during the period. Price T Rowe Associates Inc. MD increased its position in Kimberly-Clark by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock worth $986,616,000 after buying an additional 417,118 shares during the period. Finally, Invesco Ltd. increased its position in shares of Kimberly-Clark by 21.9% during the fourth quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock valued at $740,868,000 after purchasing an additional 1,015,141 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.0%

Shares of Kimberly-Clark stock traded up $0.06 during midday trading on Friday, hitting $143.90. The company had a trading volume of 3,382,846 shares, compared to its average volume of 2,179,610. The company has a 50 day moving average of $137.66 and a 200 day moving average of $135.38. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The stock has a market capitalization of $47.75 billion, a P/E ratio of 19.06, a P/E/G ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period last year, the firm earned $2.01 EPS. On average, equities analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.50%. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider now directly owns 3,997 shares of the company's stock, valued at approximately $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

KMB has been the topic of several recent analyst reports. UBS Group boosted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Barclays dropped their price target on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Piper Sandler decreased their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada reduced their target price on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and an average target price of $145.08.

About Kimberly-Clark

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.