National Pension Service Purchases 24,389 Shares of Kimberly-Clark Corporation $KMB

National Pension Service lifted its position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 626,153 shares of the company's stock after buying an additional 24,389 shares during the period. National Pension Service owned about 0.19% of Kimberly-Clark worth $63,166,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. Brighton Jones LLC lifted its position in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after purchasing an additional 2,765 shares during the period. The Manufacturers Life Insurance Company lifted its position in Kimberly-Clark by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company's stock valued at $46,923,000 after purchasing an additional 24,698 shares during the period. Treasurer of the State of North Carolina lifted its position in Kimberly-Clark by 44.3% during the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company's stock valued at $36,698,000 after purchasing an additional 87,455 shares during the period. Main Street Financial Solutions LLC lifted its position in Kimberly-Clark by 11.0% during the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company's stock valued at $424,000 after purchasing an additional 326 shares during the period. Finally, HUB Investment Partners LLC lifted its position in Kimberly-Clark by 20.5% during the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company's stock valued at $1,372,000 after purchasing an additional 1,811 shares during the period. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $97.60 on Friday. The firm has a fifty day moving average price of $97.69 and a 200-day moving average price of $101.31. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The stock has a market cap of $32.40 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 4.38 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.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $0.04. The firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 earnings per share. Equities analysts anticipate that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company 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 5.2%. Kimberly-Clark's dividend payout ratio is 80.38%.

Insiders Place Their Bets

In other news, insider Katy Chen sold 1,596 shares of the stock in a transaction on Monday, May 4th. The shares were 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 of the company's stock, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 7,096 shares of company stock valued at $689,687. Corporate insiders own 0.75% of the company's stock.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of recent research reports. Bank of America cut their price target on Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 10th. Zacks Research cut shares of Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Barclays reduced their target price on shares of Kimberly-Clark from $105.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, April 14th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Kimberly-Clark in a report on Friday, March 27th. Finally, Piper Sandler reduced their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating for the company in a report on Friday, March 13th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $114.93.

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.

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NASDAQ:KMB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.