OVERSEA CHINESE BANKING Corp Ltd Grows Holdings in Kimberly-Clark Co. (NYSE:KMB)

OVERSEA CHINESE BANKING Corp Ltd raised its position in Kimberly-Clark Co. (NYSE:KMB) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,975 shares of the company’s stock after buying an additional 2,544 shares during the period. Kimberly-Clark makes up about 1.0% of OVERSEA CHINESE BANKING Corp Ltd’s holdings, making the stock its 26th biggest holding. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.08% of Kimberly-Clark worth $34,853,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Xponance Inc. boosted its stake in Kimberly-Clark by 33.3% during the 4th quarter. Xponance Inc. now owns 98,592 shares of the company’s stock valued at $12,919,000 after acquiring an additional 24,602 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in Kimberly-Clark in the fourth quarter worth about $6,486,000. Evoke Wealth LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $272,000. Horizon Investments LLC raised its position in shares of Kimberly-Clark by 5.6% during the 4th quarter. Horizon Investments LLC now owns 5,668 shares of the company’s stock worth $743,000 after purchasing an additional 303 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Kimberly-Clark by 11.8% in the 4th quarter. Advisors Asset Management Inc. now owns 46,356 shares of the company’s stock worth $6,074,000 after purchasing an additional 4,904 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

NYSE:KMB opened at $139.45 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business’s 50-day moving average price is $134.05 and its 200 day moving average price is $136.34. Kimberly-Clark Co. has a 52-week low of $123.02 and a 52-week high of $150.45. The firm has a market cap of $46.25 billion, a P/E ratio of 18.47, a PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, sell-side 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 given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is 66.75%.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on KMB. UBS Group increased their target price on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. TD Cowen downgraded shares of 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. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Piper Sandler restated an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Finally, StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $143.64.

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.