Pacer Advisors Inc. Has $196.88 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Pacer Advisors Inc. significantly increased its stake in Kimberly-Clark Co. by 2,982.8%, owning approximately 1.38 million shares worth $196.88 million as of its latest SEC filing.
• Recent insider transactions showed Katy Chen sold 1,794 shares at an average price of $130.74, reducing her position by 36.67%.
• Wall Street analysts have mixed opinions on Kimberly-Clark, with a consensus rating of "Hold" and an average target price of $141.50 for the stock.

Pacer Advisors Inc. lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 2,982.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,384,318 shares of the company's stock after purchasing an additional 1,339,413 shares during the quarter. Pacer Advisors Inc. owned approximately 0.42% of Kimberly-Clark worth $196,878,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KMB. Brighton Jones LLC increased its stake 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 worth $851,000 after purchasing an additional 2,765 shares during the last quarter. Modern Wealth Management LLC increased its stake in shares of Kimberly-Clark by 45.5% during the 4th quarter. Modern Wealth Management LLC now owns 2,560 shares of the company's stock worth $337,000 after purchasing an additional 800 shares during the last quarter. TIAA Trust National Association increased its stake in shares of Kimberly-Clark by 7.8% during the 4th quarter. TIAA Trust National Association now owns 24,571 shares of the company's stock worth $3,220,000 after purchasing an additional 1,786 shares during the last quarter. Financial Counselors Inc. increased its stake in shares of Kimberly-Clark by 0.3% during the 4th quarter. Financial Counselors Inc. now owns 33,240 shares of the company's stock worth $4,356,000 after purchasing an additional 104 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. acquired a new position in Kimberly-Clark in the 4th quarter valued at $211,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 1,794 shares of Kimberly-Clark stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the transaction, the insider directly owned 3,098 shares of the company's stock, valued at $405,032.52. This trade represents a 36.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KMB. Piper Sandler began coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. Evercore ISI lowered their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Barclays lowered their target price on shares of Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. JPMorgan Chase & Co. raised their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. Finally, Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $141.50.

Kimberly-Clark Price Performance

NYSE:KMB opened at $127.75 on Friday. The company has a 50-day moving average of $133.19 and a 200-day moving average of $134.52. The company has a market capitalization of $42.39 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. 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 (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS 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 company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm earned $2.01 EPS. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Friday, June 6th. Kimberly-Clark's dividend payout ratio is currently 68.66%.

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.

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