UniSuper Management Pty Ltd Has $18.75 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

UniSuper Management Pty Ltd raised its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 143,097 shares of the company’s stock after buying an additional 7,038 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Kimberly-Clark were worth $18,751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMB. Confluence Wealth Services Inc. increased its stake in shares of Kimberly-Clark by 5.1% in the 4th quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock valued at $208,000 after acquiring an additional 80 shares in the last quarter. YHB Investment Advisors Inc. grew its holdings in Kimberly-Clark by 3.4% in the fourth quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock worth $330,000 after purchasing an additional 83 shares during the period. Ascent Wealth Partners LLC increased its stake in Kimberly-Clark by 1.0% in the fourth quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company’s stock valued at $1,221,000 after purchasing an additional 90 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Kimberly-Clark by 5.1% during the third quarter. Avestar Capital LLC now owns 1,953 shares of the company’s stock valued at $278,000 after purchasing an additional 95 shares during the period. Finally, Silver Lake Advisory LLC boosted its position in shares of Kimberly-Clark by 0.8% during the 4th quarter. Silver Lake Advisory LLC now owns 11,896 shares of the company’s stock worth $1,559,000 after purchasing an additional 95 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Price Performance

KMB opened at $140.55 on Friday. The stock has a market capitalization of $46.61 billion, a P/E ratio of 18.62, a PEG ratio of 4.46 and a beta of 0.36. 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 Co. has a 12-month low of $123.84 and a 12-month high of $150.45. The stock has a 50-day moving average price of $135.86 and a 200-day moving average price of $136.09.

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

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.59%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is currently 66.75%.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KMB. JPMorgan Chase & Co. decreased their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Citigroup reduced their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. 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 research report on Wednesday, January 8th. UBS Group lifted their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Piper Sandler restated an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $144.50.

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.