Pensionfund Sabic Invests $1.06 Million in Kimberly-Clark Corporation $KMB

Pensionfund Sabic acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the 4th quarter, HoldingsChannel reports. The fund acquired 10,500 shares of the company’s stock, valued at approximately $1,059,000.

Other institutional investors have also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in Kimberly-Clark during the 3rd quarter worth approximately $25,000. True Wealth Design LLC boosted its position in Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the second quarter worth $27,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after acquiring an additional 127 shares during the period. Finally, Investors Research Corp purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $99.36 on Thursday. The company has a market cap of $32.98 billion, a P/E ratio of 16.37, a PEG ratio of 3.52 and a beta of 0.24. The firm has a fifty day moving average price of $103.48 and a 200 day moving average price of $108.44. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a 12 month low of $96.26 and a 12 month high of $147.12.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.50 EPS. Sell-side analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is 84.35%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company set a $110.00 price objective on Kimberly-Clark in a research note on Tuesday, February 17th. Barclays set a $102.00 price objective on Kimberly-Clark in a research report on Friday, January 16th. Finally, Piper Sandler cut their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $116.42.

Insider Buying and Selling

In other news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

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.