E. Ohman J or Asset Management AB Boosts Holdings in Kimberly-Clark Co. (NYSE:KMB)

E. Ohman J or Asset Management AB raised its holdings in Kimberly-Clark Co. (NYSE:KMB) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,732 shares of the company’s stock after purchasing an additional 1,050 shares during the period. E. Ohman J or Asset Management AB’s holdings in Kimberly-Clark were worth $1,930,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Czech National Bank increased its position in Kimberly-Clark by 6.9% during the third quarter. Czech National Bank now owns 68,610 shares of the company’s stock worth $9,762,000 after buying an additional 4,447 shares in the last quarter. GAMMA Investing LLC increased its position in Kimberly-Clark by 21.3% during the 3rd quarter. GAMMA Investing LLC now owns 10,463 shares of the company’s stock worth $1,489,000 after purchasing an additional 1,838 shares in the last quarter. Mather Group LLC. raised its stake in Kimberly-Clark by 20.2% in the 3rd quarter. Mather Group LLC. now owns 7,631 shares of the company’s stock valued at $1,086,000 after purchasing an additional 1,280 shares during the last quarter. Exeter Financial LLC lifted its holdings in Kimberly-Clark by 1.9% in the 3rd quarter. Exeter Financial LLC now owns 8,341 shares of the company’s stock valued at $1,187,000 after purchasing an additional 158 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in shares of Kimberly-Clark by 4.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,405 shares of the company’s stock worth $342,000 after purchasing an additional 104 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. UBS Group increased their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays lowered their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Down 0.9 %

NYSE:KMB opened at $129.29 on Wednesday. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a market capitalization of $43.11 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 4.16 and a beta of 0.41. The stock has a 50-day simple moving average of $131.03 and a 200 day simple moving average of $137.06.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Sell-side analysts predict that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is presently 64.64%.

Kimberly-Clark Company 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.