Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,023 shares of the company’s stock after acquiring an additional 5,765 shares during the period. State of Alaska Department of Revenue’s holdings in Kimberly-Clark were worth $7,078,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Czech National Bank increased its position in Kimberly-Clark by 6.9% in the third quarter. Czech National Bank now owns 68,610 shares of the company’s stock worth $9,762,000 after buying an additional 4,447 shares during the period. Mather Group LLC. grew its position in shares of Kimberly-Clark by 20.2% during the third quarter. Mather Group LLC. now owns 7,631 shares of the company’s stock worth $1,086,000 after acquiring an additional 1,280 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Kimberly-Clark by 4.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 2,405 shares of the company’s stock worth $342,000 after acquiring an additional 104 shares during the period. Brookstone Capital Management lifted its position in Kimberly-Clark by 0.5% in the 3rd quarter. Brookstone Capital Management now owns 82,021 shares of the company’s stock valued at $11,670,000 after purchasing an additional 414 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in Kimberly-Clark by 11.4% during the 3rd quarter. Wedmont Private Capital now owns 5,993 shares of the company’s stock valued at $844,000 after purchasing an additional 611 shares during the period. 76.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Piper Sandler reiterated an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $143.64.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Price Performance

NYSE KMB opened at $128.65 on Friday. The stock has a market capitalization of $42.90 billion, a P/E ratio of 17.04, a P/E/G ratio of 4.16 and a beta of 0.41. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The business’s fifty day moving average is $130.61 and its two-hundred day moving average is $136.90. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, research analysts forecast that Kimberly-Clark Co. will post 7.51 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.92%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 64.64%.

Kimberly-Clark Company 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.