Robeco Institutional Asset Management B.V. Cuts Stock Position in Kimberly-Clark Corporation $KMB

Key Points

• Robeco Institutional Asset Management cut its stake in Kimberly‑Clark by 31.6% in Q4, selling 119,226 shares and retaining 257,733 shares valued at about $26.0 million.
• Meanwhile, Massachusetts Financial Services boosted its position by 50.4% to 7,839,572 shares (≈$790.9 million), and hedge funds/institutional investors now own 76.29% of the company.
• Kimberly‑Clark reported Q earnings of $1.86 (beating estimates) with slightly lower revenue year‑over‑year, raised the quarterly dividend to $1.28 (annualized $5.12) for a 5.3% yield, and has a consensus analyst rating of Hold with an average target of $115.07.

Robeco Institutional Asset Management B.V. lessened its stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 257,733 shares of the company's stock after selling 119,226 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.08% of Kimberly-Clark worth $26,003,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strong Tower Advisory Services increased its holdings in Kimberly-Clark by 10.2% in the 4th quarter. Strong Tower Advisory Services now owns 24,356 shares of the company's stock worth $2,457,000 after acquiring an additional 2,251 shares in the last quarter. Carnegie Investment Counsel increased its holdings in Kimberly-Clark by 2.4% in the 4th quarter. Carnegie Investment Counsel now owns 11,500 shares of the company's stock worth $1,160,000 after acquiring an additional 268 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Kimberly-Clark by 584.2% during the fourth quarter. Richardson Financial Services Inc. now owns 1,300 shares of the company's stock worth $131,000 after buying an additional 1,110 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Kimberly-Clark by 50.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company's stock worth $790,934,000 after buying an additional 2,628,206 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in shares of Kimberly-Clark by 14.9% during the fourth quarter. Apollon Wealth Management LLC now owns 17,174 shares of the company's stock worth $1,733,000 after buying an additional 2,229 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Trading Down 0.7%

Shares of KMB stock opened at $96.60 on Tuesday. The company's 50-day moving average price is $102.57 and its 200-day moving average price is $105.63. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The stock has a market cap of $32.06 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 3.54 and a beta of 0.28. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $144.30.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. As a group, equities analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.26. Kimberly-Clark's dividend payout ratio is presently 84.35%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, April 8th. TD Cowen dropped their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, January 8th. Zacks Research lowered shares of Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Piper Sandler dropped 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. Finally, Bank of America dropped their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of "Hold" and an average target price of $115.07.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the business's stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company's stock.

Kimberly-Clark Company Profile

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.

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