Eurizon Capital SGR S.p.A. Purchases Shares of 249,262 Kimberly-Clark Corporation $KMB

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 249,262 shares of the company’s stock, valued at approximately $25,151,000.

A number of other institutional investors have also bought and sold shares of KMB. Massachusetts Financial Services Co. MA boosted its position in Kimberly-Clark by 50.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after acquiring an additional 2,628,206 shares during the last quarter. State Street Corp boosted its position in Kimberly-Clark by 5.0% during the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after acquiring an additional 997,397 shares during the last quarter. Marshall Wace LLP boosted its position in Kimberly-Clark by 331.6% during the third quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock valued at $137,724,000 after acquiring an additional 851,024 shares during the last quarter. M&T Bank Corp boosted its position in Kimberly-Clark by 506.1% during the fourth quarter. M&T Bank Corp now owns 758,154 shares of the company’s stock valued at $76,490,000 after acquiring an additional 633,061 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Kimberly-Clark during the fourth quarter valued at $48,807,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 2.5%

KMB opened at $97.60 on Friday. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $144.30. The firm has a market capitalization of $32.40 billion, a PE ratio of 15.32, a P/E/G ratio of 4.38 and a beta of 0.29. The company’s 50-day moving average is $97.69 and its 200 day moving average is $101.31.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 5.2%. Kimberly-Clark’s dividend payout ratio (DPR) is 80.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Piper Sandler cut their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Bank of America cut their price objective on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Barclays cut their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Finally, UBS Group increased their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $114.93.

Insider Activity

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 7,096 shares of company stock valued at $689,687. Company insiders own 0.75% of the company’s stock.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.