Murphy Pohlad Asset Management LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,559 shares of the company’s stock after purchasing an additional 2,937 shares during the quarter. Kimberly-Clark comprises about 1.4% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 29th largest position. Murphy Pohlad Asset Management LLC’s holdings in Kimberly-Clark were worth $3,349,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in shares of Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after buying an additional 1,083,824 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Kimberly-Clark by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock valued at $1,431,443,000 after purchasing an additional 358,926 shares during the period. Geode Capital Management LLC lifted its position in Kimberly-Clark by 2.8% in the third quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock worth $1,092,388,000 after buying an additional 206,671 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Kimberly-Clark by 20.4% during the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after purchasing an additional 464,615 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 worth $385,900,000 after purchasing an additional 20,953 shares during the period. Institutional investors own 76.29% of the company’s stock.
Insider Activity
In related news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.
Kimberly-Clark Trading Up 0.2 %
Kimberly-Clark (NYSE:KMB – Get Free Report) last issued its 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 12.97% and a return on equity of 198.59%. On average, sell-side analysts predict that Kimberly-Clark Co. will post 7.32 EPS for the current fiscal year.
Kimberly-Clark Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.89%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is currently 63.29%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. UBS Group raised their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday. Piper Sandler restated an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday. Finally, Barclays decreased their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $143.64.
Get Our Latest Stock Analysis on KMB
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.
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