Sarasin & Partners LLP Has $129.51 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Sarasin & Partners LLP boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 140.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 988,294 shares of the company’s stock after acquiring an additional 576,610 shares during the quarter. Kimberly-Clark accounts for 1.4% of Sarasin & Partners LLP’s portfolio, making the stock its 24th largest position. Sarasin & Partners LLP owned about 0.30% of Kimberly-Clark worth $129,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Wesbanco Bank Inc. boosted its holdings in Kimberly-Clark by 0.9% in the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after acquiring an additional 71 shares during the last quarter. My Legacy Advisors LLC boosted its holdings in Kimberly-Clark by 4.6% in the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after acquiring an additional 76 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Kimberly-Clark by 1.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after acquiring an additional 77 shares during the last quarter. Graypoint LLC boosted its holdings in Kimberly-Clark by 1.5% in the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after acquiring an additional 78 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in Kimberly-Clark by 2.7% in the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock valued at $424,000 after acquiring an additional 78 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 0.5 %

NYSE KMB opened at $127.33 on Monday. The firm has a market cap of $42.46 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.69 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The stock’s 50-day moving average is $132.41 and its 200-day moving average is $137.98. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the firm earned $1.74 EPS. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.31 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Piper Sandler decreased their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Wells Fargo & Company cut their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. Finally, Barclays cut their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $143.71.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by insiders.

About Kimberly-Clark

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.