Kimberly-Clark Corporation $KMB Shares Sold by Nuance Investments LLC

Nuance Investments LLC lowered its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 46.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 109,060 shares of the company’s stock after selling 95,917 shares during the quarter. Kimberly-Clark comprises about 1.2% of Nuance Investments LLC’s holdings, making the stock its 22nd biggest position. Nuance Investments LLC’s holdings in Kimberly-Clark were worth $11,003,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of KMB. Citigroup Inc. increased its stake in shares of Kimberly-Clark by 3.7% in the 3rd quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock worth $49,690,000 after acquiring an additional 14,386 shares during the last quarter. Jain Global LLC acquired a new stake in shares of Kimberly-Clark in the 3rd quarter worth $11,973,000. Westpac Banking Corp increased its stake in shares of Kimberly-Clark by 25.0% in the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after acquiring an additional 10,811 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Kimberly-Clark by 13.7% in the 4th quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock worth $281,258,000 after acquiring an additional 334,598 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its position in shares of Kimberly-Clark by 37.9% during the 3rd quarter. Jefferies Financial Group Inc. now owns 93,076 shares of the company’s stock worth $11,573,000 after purchasing an additional 25,576 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark News Roundup

Here are the key news stories impacting Kimberly-Clark this week:

• Positive Sentiment: Jim Cramer highlighted Kimberly-Clark as an attractive staple stock, saying he likes it partly because of its pending merger with Kenvue, which may have helped boost investor interest in the name. Article
• Positive Sentiment: Investors are also focusing on Kimberly-Clark’s recent conference presentation and its upcoming dividend schedule, which can attract income-oriented buyers and support the stock during periods of market volatility. Article
• Positive Sentiment: The broader move into consumer staples also appears to be helping, as investors rotate toward more defensive sectors amid sharp weakness in the overall market. Article
• Neutral Sentiment: Kimberly-Clark’s recent conference appearance and prior earnings update reinforced steady fundamentals, but there was no single new operating headline driving the move. Article

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $99.04 on Friday. The business has a 50-day moving average of $97.47 and a 200 day moving average of $101.06. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46. The stock has a market capitalization of $32.88 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 4.24 and a beta of 0.28. 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 (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 EPS. As a group, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Announces Dividend

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

Analyst Ratings Changes

KMB has been the subject of a number of recent analyst reports. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Bank of America cut their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. UBS Group raised their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Piper Sandler cut their price objective on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $114.93.

Insider Activity

In other news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark 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 transaction, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. The trade was a 16.03% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,096 shares of company stock valued at $689,687 in the last quarter. Company insiders own 0.75% of the company’s stock.

Kimberly-Clark Company Profile

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.