Northwestern Mutual Wealth Management Co. Purchases 7,922 Shares of Kimberly-Clark Corporation $KMB

Northwestern Mutual Wealth Management Co. increased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 16.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,531 shares of the company’s stock after acquiring an additional 7,922 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Kimberly-Clark were worth $5,703,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Ilmarinen Mutual Pension Insurance Co grew its holdings in shares of Kimberly-Clark by 289.3% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 54,500 shares of the company’s stock worth $5,499,000 after acquiring an additional 40,500 shares during the period. Moors & Cabot Inc. grew its holdings in shares of Kimberly-Clark by 45.3% in the fourth quarter. Moors & Cabot Inc. now owns 32,161 shares of the company’s stock worth $3,245,000 after acquiring an additional 10,033 shares during the period. Godfrey Financial Associates Inc. bought a new stake in Kimberly-Clark during the fourth quarter valued at about $25,000. Kingsview Wealth Management LLC grew its holdings in Kimberly-Clark by 12.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 13,290 shares of the company’s stock valued at $1,341,000 after purchasing an additional 1,519 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc bought a new stake in Kimberly-Clark during the fourth quarter valued at about $205,000. Institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the sale, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 business’s 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 disclosure for this sale is available in the SEC filing. Insiders sold 7,096 shares of company stock worth $689,687 over the last quarter. 0.75% of the stock is owned by company insiders.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $94.76 on Thursday. 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 has a market capitalization of $31.45 billion, a P/E ratio of 14.88, a P/E/G ratio of 4.37 and a beta of 0.28. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $140.39. The business’s 50-day moving average is $97.57 and its 200 day moving average is $101.14.

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

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s payout ratio is currently 80.38%.

Analysts Set New Price Targets

Several analysts have issued reports on KMB shares. Deutsche Bank Aktiengesellschaft cut their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Wells Fargo & Company cut their price target on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Barclays cut their price target on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Finally, Piper Sandler cut their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $114.93.

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.