Swiss National Bank Acquires 64,900 Shares of Kimberly-Clark Corporation $KMB

Swiss National Bank boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 7.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 974,000 shares of the company’s stock after buying an additional 64,900 shares during the period. Swiss National Bank’s holdings in Kimberly-Clark were worth $93,962,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the second quarter worth $27,000. Godfrey Financial Associates Inc. bought a new stake in Kimberly-Clark in the 4th quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new position in Kimberly-Clark in the 4th quarter worth $28,000. CrossGen Wealth LLC acquired a new position in Kimberly-Clark in the 4th quarter worth $27,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value 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 trade represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 Kimberly-Clark stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,096 shares of company stock valued at $689,687 in the last quarter. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KMB shares. Piper Sandler boosted their price target on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Wells Fargo & Company increased their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Bank of America dropped their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. UBS Group boosted their target price on Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $116.79.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $108.48 on Tuesday. The stock has a market capitalization of $36.01 billion, a PE ratio of 17.03, a P/E/G ratio of 4.82 and a beta of 0.26. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. The firm has a fifty day simple moving average of $103.44 and a 200 day simple moving average of $101.79. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, beating 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 firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the company posted $1.93 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts expect that Kimberly-Clark Corporation will post 7.47 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 80.38%.

Kimberly-Clark 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.