Swiss National Bank Sells 27,700 Shares of Kimberly-Clark Co. (NYSE:KMB)

Swiss National Bank reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,057,600 shares of the company’s stock after selling 27,700 shares during the quarter. Swiss National Bank’s holdings in Kimberly-Clark were worth $128,509,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KMB. Sequoia Financial Advisors LLC raised its position in Kimberly-Clark by 204.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after purchasing an additional 13,806 shares during the last quarter. PFG Investments LLC raised its holdings in Kimberly-Clark by 11.2% in the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after purchasing an additional 209 shares during the period. Compagnie Lombard Odier SCmA bought a new position in Kimberly-Clark during the fourth quarter worth about $4,253,000. Rockline Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $1,661,000. Finally, Nordea Investment Management AB boosted its holdings in shares of Kimberly-Clark by 28.3% in the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after buying an additional 368,505 shares during the period. 76.29% of the stock is owned by institutional investors.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the sale, the vice president now directly owns 8,053 shares in the company, valued at $1,101,891.99. The sale was disclosed in a filing with the SEC, which is available at this link. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the sale, the vice president now owns 8,053 shares in the company, valued at $1,101,891.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,562 shares of company stock valued at $2,808,345. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Trading Down 0.3 %

Kimberly-Clark stock opened at $136.10 on Friday. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $146.15. The stock has a 50-day simple moving average of $127.19 and a 200 day simple moving average of $123.33. The stock has a market capitalization of $45.83 billion, a P/E ratio of 25.02, a PEG ratio of 3.89 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter last year, the firm posted $1.67 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.59%. Kimberly-Clark’s payout ratio is currently 89.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMB. Piper Sandler boosted their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. The Goldman Sachs Group boosted their target price on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada raised their price target on shares of Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. Bank of America boosted their price objective on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 24th. Finally, UBS Group raised their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $134.85.

Kimberly-Clark Profile

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.