Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,489 shares of the company's stock after acquiring an additional 12,479 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Kimberly-Clark were worth $5,497,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in Kimberly-Clark by 2.5% in the 3rd quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company's stock worth $301,448,000 after acquiring an additional 58,978 shares during the last quarter. Citigroup Inc. grew its holdings in Kimberly-Clark by 3.7% in the 3rd quarter. Citigroup Inc. now owns 399,630 shares of the company's stock worth $49,690,000 after acquiring an additional 14,386 shares during the last quarter. Jain Global LLC bought a new stake in Kimberly-Clark in the 3rd quarter worth $11,973,000. AE Wealth Management LLC grew its holdings in Kimberly-Clark by 7.0% in the 3rd quarter. AE Wealth Management LLC now owns 160,531 shares of the company's stock worth $19,960,000 after acquiring an additional 10,528 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in Kimberly-Clark by 9.6% in the 3rd quarter. Truist Financial Corp now owns 158,417 shares of the company's stock worth $19,698,000 after acquiring an additional 13,939 shares during the last quarter. Institutional investors own 76.29% of the company's stock.
Insider Transactions at Kimberly-Clark
In related news, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares of the company's stock, valued at $797,233.08. This trade represents a 16.03% decrease in their position. The sale was disclosed in a legal filing 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 Kimberly-Clark stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
KMB has been the topic of a number of recent analyst reports. Piper Sandler cut their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating on the stock in a report on Friday, March 13th. 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 research report on Thursday, January 8th. Zacks Research cut shares of Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. UBS Group raised their target price on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $114.93.
View Our Latest Report on KMB
More Kimberly-Clark News
Here are the key news stories impacting Kimberly-Clark this week:
Kimberly-Clark Trading Up 0.4%
NASDAQ:KMB opened at $99.56 on Friday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $144.30. The stock has a market cap of $33.05 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 4.75 and a beta of 0.29. The company has a 50-day moving average price of $99.59 and a 200-day moving average price of $103.00. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38.
Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same period last year, the company posted $1.93 EPS. Kimberly-Clark's revenue was up 2.7% on a year-over-year basis. Equities analysts predict that Kimberly-Clark Corporation will post 7.48 EPS for the current year.
Kimberly-Clark Company Profile
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Free Report)
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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