Raiffeisen Bank International AG Buys New Shares in Kimberly-Clark Co. (NYSE:KMB)

Raiffeisen Bank International AG purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,211 shares of the company's stock, valued at approximately $550,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ProShare Advisors LLC raised its stake in Kimberly-Clark by 8.8% in the 4th quarter. ProShare Advisors LLC now owns 1,429,418 shares of the company's stock valued at $187,311,000 after acquiring an additional 115,751 shares during the period. Mufg Securities Americas Inc. acquired a new position in Kimberly-Clark during the fourth quarter valued at approximately $645,000. Nomura Holdings Inc. increased its stake in shares of Kimberly-Clark by 748.0% in the 4th quarter. Nomura Holdings Inc. now owns 16,179 shares of the company's stock valued at $2,120,000 after purchasing an additional 14,271 shares during the last quarter. NorthRock Partners LLC raised its holdings in shares of Kimberly-Clark by 477.9% during the 4th quarter. NorthRock Partners LLC now owns 10,917 shares of the company's stock worth $1,431,000 after buying an additional 9,028 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of Kimberly-Clark by 20.4% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 14,114 shares of the company's stock worth $1,849,000 after buying an additional 2,388 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the transaction, the vice president now owns 2,553 shares of the company's stock, valued at $357,420. This trade represents a 49.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katy Chen sold 740 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now directly owns 3,997 shares in the company, valued at $518,410.90. This trade represents a 15.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,872 shares of company stock worth $2,208,684. Company insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on KMB shares. Wells Fargo & Company lifted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, March 28th. Royal Bank of Canada decreased 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. UBS Group increased their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Piper Sandler decreased 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 note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and a consensus target price of $145.08.

Kimberly-Clark Trading Up 0.6%

NYSE KMB traded up $0.81 on Tuesday, reaching $141.60. The company had a trading volume of 2,421,548 shares, compared to its average volume of 2,168,290. The firm has a market cap of $46.99 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 4.46 and a beta of 0.35. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The business has a 50 day moving average of $137.11 and a two-hundred day moving average of $134.80.

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

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.56%. Kimberly-Clark's dividend payout ratio (DPR) 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.