Kimberly-Clark Co. (NYSE:KMB) Stock Position Raised by Oxbow Advisors LLC

Oxbow Advisors LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMB) by 11.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,491 shares of the company’s stock after acquiring an additional 4,698 shares during the period. Oxbow Advisors LLC’s holdings in Kimberly-Clark were worth $6,223,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp raised its stake in shares of Kimberly-Clark by 5.9% in the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after acquiring an additional 1,083,824 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock valued at $1,431,443,000 after acquiring an additional 358,926 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kimberly-Clark by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock valued at $1,092,388,000 after acquiring an additional 206,671 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Kimberly-Clark by 20.4% in the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock valued at $358,625,000 after acquiring an additional 464,615 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Kimberly-Clark by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company’s stock valued at $385,900,000 after acquiring an additional 20,953 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $140.28 on Friday. Kimberly-Clark Co. has a 1-year low of $118.62 and a 1-year high of $149.30. The firm has a market capitalization of $46.53 billion, a PE ratio of 18.58, a PEG ratio of 4.42 and a beta of 0.41. The business’s 50 day moving average is $130.19 and its 200-day moving average is $136.48. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is 64.64%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KMB shares. Barclays cut their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $143.64.

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.