Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Pensionfund Sabic

Pensionfund Sabic increased its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,800 shares of the company's stock after acquiring an additional 4,000 shares during the quarter. Pensionfund Sabic's holdings in Kimberly-Clark were worth $1,677,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. New York Life Investment Management LLC increased its position in Kimberly-Clark by 0.9% during the second quarter. New York Life Investment Management LLC now owns 51,389 shares of the company's stock worth $7,102,000 after purchasing an additional 479 shares during the last quarter. Savant Capital LLC raised its position in shares of Kimberly-Clark by 2.2% in the 2nd quarter. Savant Capital LLC now owns 28,131 shares of the company's stock worth $3,888,000 after buying an additional 616 shares during the period. Advisor OS LLC boosted its holdings in Kimberly-Clark by 50.8% in the second quarter. Advisor OS LLC now owns 7,029 shares of the company's stock valued at $971,000 after acquiring an additional 2,367 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Kimberly-Clark by 4,851.9% during the second quarter. Los Angeles Capital Management LLC now owns 85,717 shares of the company's stock valued at $11,846,000 after acquiring an additional 83,986 shares during the period. Finally, Chicago Capital LLC raised its holdings in shares of Kimberly-Clark by 3.2% in the 2nd quarter. Chicago Capital LLC now owns 4,880 shares of the company's stock worth $674,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.62% of the company's stock.

Kimberly-Clark Stock Down 2.7 %

Shares of NYSE:KMB traded down $3.54 during midday trading on Monday, reaching $126.22. The company had a trading volume of 2,411,958 shares, compared to its average volume of 1,788,386. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The stock has a market capitalization of $42.09 billion, a P/E ratio of 16.37, a PEG ratio of 2.76 and a beta of 0.41. The stock's fifty day moving average price is $133.95 and its 200-day moving average price is $138.87.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.74 EPS. Equities research analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.87%. Kimberly-Clark's dividend payout ratio (DPR) is 63.29%.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research analyst reports. Piper Sandler dropped their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an "overweight" rating for the company in a research report on Monday. Barclays increased their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Friday, October 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $149.00.

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.