Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 270.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 984,695 shares of the company's stock after purchasing an additional 718,720 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned about 0.30% of Kimberly-Clark worth $140,043,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Kimberly-Clark by 74.1% during the 4th 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. Frank Rimerman Advisors LLC increased its holdings in shares of Kimberly-Clark by 26.3% in the fourth quarter. Frank Rimerman Advisors LLC now owns 3,379 shares of the company's stock worth $443,000 after purchasing an additional 703 shares during the last quarter. Choate Investment Advisors increased its stake in Kimberly-Clark by 233.7% during the fourth quarter. Choate Investment Advisors now owns 5,360 shares of the company's stock worth $702,000 after acquiring an additional 3,754 shares during the last quarter. one8zero8 LLC bought a new stake in Kimberly-Clark during the fourth quarter worth approximately $1,028,000. Finally, Pollock Investment Advisors LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $359,000. Institutional investors own 76.29% of the company's stock.

Insiders Place Their Bets

In related news, insider Katy Chen sold 740 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider directly owned 3,997 shares of the company's stock, valued at approximately $518,410.90. This represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

KMB has been the topic of several analyst reports. Barclays cut their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Royal Bank Of Canada cut their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Piper Sandler reduced their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $143.50.

Kimberly-Clark Stock Performance

KMB stock traded down $0.69 during trading on Tuesday, hitting $126.77. The company had a trading volume of 666,061 shares, compared to its average volume of 2,213,069. The firm has a market cap of $42.06 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The firm has a 50-day moving average price of $134.27 and a 200-day moving average price of $134.71. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

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

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.98%. The ex-dividend date was Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.

Kimberly-Clark Profile

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.