Sumitomo Mitsui Trust Group Inc. Has $104.65 Million Stock Holdings in Kimberly-Clark Corporation $KMB

Sumitomo Mitsui Trust Group Inc. boosted its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 841,648 shares of the company’s stock after buying an additional 14,715 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Kimberly-Clark worth $104,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Corp purchased a new stake in shares of Kimberly-Clark during the third quarter worth $718,000. Godsey & Gibb Inc. increased its position in Kimberly-Clark by 1.6% in the 3rd quarter. Godsey & Gibb Inc. now owns 152,951 shares of the company’s stock worth $19,018,000 after purchasing an additional 2,480 shares during the last quarter. MGO One Seven LLC raised its stake in shares of Kimberly-Clark by 35.8% during the 3rd quarter. MGO One Seven LLC now owns 20,166 shares of the company’s stock worth $2,507,000 after purchasing an additional 5,312 shares in the last quarter. Washington Trust Bank lifted its holdings in shares of Kimberly-Clark by 4.1% during the 3rd quarter. Washington Trust Bank now owns 4,396 shares of the company’s stock valued at $547,000 after buying an additional 174 shares during the last quarter. Finally, Associated Banc Corp grew its stake in shares of Kimberly-Clark by 1.1% in the 3rd quarter. Associated Banc Corp now owns 455,680 shares of the company’s stock valued at $56,659,000 after buying an additional 5,036 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KMB. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Thursday, November 13th. BNP Paribas restated a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a research note on Monday, December 1st. Piper Sandler reduced their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. UBS Group upped their price objective on shares of Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, BNP Paribas Exane cut their target price on Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, December 1st. Three 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $122.31.

Kimberly-Clark Stock Performance

Shares of KMB opened at $98.73 on Wednesday. The company has a market capitalization of $32.77 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 3.77 and a beta of 0.26. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $150.45. The company’s fifty day moving average price is $102.57 and its 200 day moving average price is $118.04.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The firm’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $1.83 earnings per share. As a group, analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Friday, December 5th. Kimberly-Clark’s payout ratio is currently 85.28%.

About Kimberly-Clark

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.