Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc grew its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 106,448 shares of the company’s stock after purchasing an additional 1,078 shares during the period. CIBC Asset Management Inc’s holdings in Kimberly-Clark were worth $13,949,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Park Avenue Securities LLC boosted its holdings in shares of Kimberly-Clark by 77.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock valued at $1,807,000 after buying an additional 6,016 shares in the last quarter. Pensionfund Sabic raised its position in Kimberly-Clark by 45.5% in the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after purchasing an additional 4,000 shares during the last quarter. Barclays PLC raised its position in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after purchasing an additional 273,813 shares during the last quarter. Aprio Wealth Management LLC raised its position in Kimberly-Clark by 20.0% in the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock valued at $366,000 after purchasing an additional 466 shares during the last quarter. Finally, West Oak Capital LLC raised its position in Kimberly-Clark by 20,377.6% in the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company’s stock valued at $4,428,000 after purchasing an additional 33,623 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. Barclays reduced their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Piper Sandler reiterated an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $143.64.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $135.66 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a fifty-two week low of $118.62 and a fifty-two week high of $149.30. The stock has a market cap of $45.24 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41. The firm’s fifty day simple moving average is $129.84 and its 200-day simple moving average is $136.49.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Analysts expect that Kimberly-Clark Co. will post 7.51 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.72%. Kimberly-Clark’s dividend payout ratio is 64.64%.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.