NatWest Group plc Decreases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

NatWest Group plc reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 47.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,066 shares of the company’s stock after selling 37,404 shares during the period. Kimberly-Clark accounts for approximately 1.6% of NatWest Group plc’s portfolio, making the stock its 28th largest position. NatWest Group plc’s holdings in Kimberly-Clark were worth $5,512,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State Street Corp raised its holdings in Kimberly-Clark by 5.9% in the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock worth $2,768,367,000 after purchasing an additional 1,083,824 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 buying an additional 358,926 shares during the period. Geode Capital Management LLC raised its stake 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 in the last quarter. Nordea Investment Management AB lifted its holdings in Kimberly-Clark by 20.4% in the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after buying an additional 464,615 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Kimberly-Clark by 0.8% during 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.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research note on Wednesday, January 8th. Citigroup lowered their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday. Piper Sandler reissued an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Performance

KMB stock opened at $130.29 on Friday. The stock has a market capitalization of $43.45 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 4.16 and a beta of 0.41. The stock’s 50 day simple moving average is $130.40 and its 200 day simple moving average is $136.84. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. 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 released its quarterly earnings data 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%. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.51 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 dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.87%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is presently 66.75%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were 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 in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is owned by insiders.

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.