CIBC Asset Management Inc Has $9.89 Million Stake in Kimberly-Clark Corporation $KMB

CIBC Asset Management Inc decreased its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 51.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 97,980 shares of the company’s stock after selling 101,811 shares during the period. CIBC Asset Management Inc’s holdings in Kimberly-Clark were worth $9,885,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Westpac Banking Corp grew its position 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 buying an additional 10,811 shares during the period. Peak Retirement Planning Inc. grew its position in shares of Kimberly-Clark by 43.0% during the 4th quarter. Peak Retirement Planning Inc. now owns 20,187 shares of the company’s stock worth $2,037,000 after buying an additional 6,069 shares during the period. Calton & Associates Inc. acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $459,000. Natixis Advisors LLC lifted its holdings in shares of Kimberly-Clark by 115.7% in the 4th quarter. Natixis Advisors LLC now owns 322,455 shares of the company’s stock worth $32,532,000 after purchasing an additional 172,950 shares in the last quarter. Finally, AXQ Capital LP bought a new position in shares of Kimberly-Clark in the 4th quarter worth $1,273,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Trending Headlines about Kimberly-Clark

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 Trading Up 4.8%

Shares of Kimberly-Clark stock opened at $99.04 on Friday. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46. The company has a market cap of $32.88 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 4.24 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The company’s 50-day moving average price is $97.47 and its 200-day moving average price is $101.06.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) 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 firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the firm posted $1.93 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced 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 of this dividend is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 5.2%. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

Analyst Ratings Changes

A number of brokerages recently issued reports on KMB. UBS Group increased their target price on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Piper Sandler cut their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft cut their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, Bank of America cut their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $114.93.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the company’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 owned 8,362 shares of the company’s stock, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 company’s 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. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by insiders.

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.