Rockefeller Capital Management L.P. Buys 12,921 Shares of Kimberly-Clark Corporation $KMB

Rockefeller Capital Management L.P. grew its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 23.7% during the 4th quarter, Holdings Channel reports. The firm owned 67,548 shares of the company’s stock after buying an additional 12,921 shares during the period. Rockefeller Capital Management L.P.’s holdings in Kimberly-Clark were worth $6,815,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KMB. Ally Financial Inc. acquired a new position in Kimberly-Clark during the fourth quarter worth approximately $1,009,000. Jain Global LLC acquired a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $11,973,000. Westpac Banking Corp boosted its stake in shares of Kimberly-Clark by 25.0% during 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 period. Nordea Investment Management AB increased its holdings in shares of Kimberly-Clark by 13.7% during 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 holdings 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 acquiring an additional 25,576 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction dated Wednesday, May 6th. The shares were 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 the SEC website. Also, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. This represents a 16.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is owned by insiders.

Kimberly-Clark Stock Performance

KMB opened at $109.37 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. The business has a fifty day simple moving average of $99.34 and a 200 day simple moving average of $100.79. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $137.46. The company has a market capitalization of $36.30 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 4.85 and a beta of 0.28.

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

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.

Analyst Upgrades and Downgrades

KMB has been the subject of several research reports. Bank of America cut their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Piper Sandler increased their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday. Finally, UBS Group upped their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $115.43.

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.