OMERS ADMINISTRATION Corp Boosts Stake in Kimberly-Clark Co. (NYSE:KMB)

OMERS ADMINISTRATION Corp boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 20.4% in the 4th quarter, HoldingsChannel reports. The fund owned 14,114 shares of the company’s stock after acquiring an additional 2,388 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Kimberly-Clark were worth $1,849,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Kimberly-Clark by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after purchasing an additional 4,603,787 shares during the period. Charles Schwab Investment Management Inc. grew its position in Kimberly-Clark by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock worth $1,387,709,000 after buying an additional 529,223 shares during the period. Geode Capital Management LLC grew its position in Kimberly-Clark by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company’s stock worth $1,113,444,000 after buying an additional 797,953 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Kimberly-Clark by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company’s stock valued at $986,616,000 after buying an additional 417,118 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Kimberly-Clark by 21.9% during the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock worth $740,868,000 after acquiring an additional 1,015,141 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total value of $234,547.56. Following the sale, the insider now owns 3,098 shares in the company, valued at approximately $405,032.52. This trade represents a 36.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,872 shares of company stock valued at $2,208,684 over the last 90 days. 0.64% of the stock is owned by company insiders.

Kimberly-Clark Price Performance

KMB opened at $137.34 on Friday. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The firm has a market cap of $45.57 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 4.46 and a beta of 0.35. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a fifty day simple moving average of $137.18 and a 200 day simple moving average of $134.71.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period in the prior year, the business posted $2.01 EPS. Equities research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 68.66%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KMB. Piper Sandler dropped their price objective on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Evercore ISI dropped their price target on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $145.08.

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.