Vise Technologies Inc. increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 93.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,532 shares of the company's stock after purchasing an additional 2,673 shares during the period. Vise Technologies Inc.'s holdings in Kimberly-Clark were worth $725,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Kimberly-Clark by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock worth $4,605,079,000 after buying an additional 4,603,787 shares in the last quarter. Norges Bank bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $582,592,000. First Trust Advisors LP lifted its stake in Kimberly-Clark by 163.1% in the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company's stock worth $280,786,000 after purchasing an additional 1,328,341 shares in the last quarter. Invesco Ltd. boosted its holdings in Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock valued at $740,868,000 after purchasing an additional 1,015,141 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at $127,436,000. Hedge funds and other institutional investors own 76.29% of the company's stock.
Kimberly-Clark Trading Up 1.0%
KMB stock traded up $1.35 during trading on Tuesday, hitting $142.90. 2,594,113 shares of the company traded hands, compared to its average volume of 2,186,334. The company has a 50-day moving average of $137.31 and a 200-day moving average of $135.13. 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 Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The firm has a market capitalization of $47.42 billion, a PE ratio of 18.93, a P/E/G ratio of 4.46 and a beta of 0.35.
Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. Analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.
Kimberly-Clark Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's payout ratio is 68.66%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Evercore ISI lowered their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. 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. UBS Group lifted their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. increased 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. Finally, Piper Sandler lowered their price objective 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, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $145.08.
View Our Latest Stock Report on Kimberly-Clark
Insider Activity
In related news, insider Katy Chen sold 1,794 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total value of $234,547.56. Following the completion of the sale, the insider now owns 3,098 shares of the company's stock, valued at $405,032.52. This trade represents a 36.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the transaction, the vice president now owns 7,720 shares of the company's stock, valued at $1,088,520. This trade represents a 58.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,372 shares of company stock valued at $1,858,684. Insiders own 0.64% of the company's stock.
Kimberly-Clark Profile
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Free Report)
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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