Ilmarinen Mutual Pension Insurance Co Buys 40,500 Shares of Kimberly-Clark Corporation $KMB

Ilmarinen Mutual Pension Insurance Co lifted its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 289.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 54,500 shares of the company’s stock after acquiring an additional 40,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Kimberly-Clark were worth $5,499,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in shares of Kimberly-Clark in the third quarter worth approximately $25,000. Godfrey Financial Associates Inc. purchased a new position in Kimberly-Clark during the 4th quarter valued at $25,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark in the 2nd quarter valued at about $27,000. Eagle Bay Advisors LLC purchased a new stake in Kimberly-Clark in the 4th quarter valued at about $28,000. Finally, Newbridge Financial Services Group Inc. boosted its position in Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after buying an additional 140 shares during the period. Institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 the business’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 transaction of $401,310.00. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays lowered their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Bank of America decreased their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, UBS Group boosted their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Four research 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, the company has a consensus rating of “Hold” and an average target price of $114.93.

Kimberly-Clark Trading Down 0.0%

Shares of NASDAQ KMB opened at $100.14 on Friday. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The stock has a market capitalization of $33.24 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 4.49 and a beta of 0.29. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $144.30. The business has a fifty day moving average price of $97.71 and a 200 day moving average price of $101.33.

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

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s payout ratio is 80.38%.

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.