BLI Banque de Luxembourg Investments Has $39.54 Million Stock Position in Kimberly-Clark Corporation $KMB

BLI Banque de Luxembourg Investments reduced its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 389,281 shares of the company’s stock after selling 35,919 shares during the quarter. Kimberly-Clark comprises 1.2% of BLI Banque de Luxembourg Investments’ portfolio, making the stock its 23rd biggest position. BLI Banque de Luxembourg Investments’ holdings in Kimberly-Clark were worth $39,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of KMB. Norges Bank acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $521,184,000. Massachusetts Financial Services Co. MA grew its position in shares of Kimberly-Clark by 50.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after buying an additional 2,628,206 shares during the period. State Street Corp grew its position in shares of Kimberly-Clark by 5.0% during the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after buying an additional 997,397 shares during the period. Marshall Wace LLP grew its position in shares of Kimberly-Clark by 331.6% during the 3rd quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock worth $137,724,000 after buying an additional 851,024 shares during the period. Finally, M&T Bank Corp grew its position in shares of Kimberly-Clark by 506.1% during the 4th quarter. M&T Bank Corp now owns 758,154 shares of the company’s stock worth $76,490,000 after buying an additional 633,061 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 1.3%

NASDAQ:KMB opened at $97.75 on Tuesday. The firm has a market capitalization of $32.45 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 4.44 and a beta of 0.28. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $137.46. The stock’s 50 day moving average price is $97.45 and its two-hundred day moving average price is $101.01. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results 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 business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.93 EPS. Equities research analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark’s payout ratio is presently 80.38%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KMB shares. 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. Piper Sandler decreased their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Wells Fargo & Company decreased their target price on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. 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. Finally, Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $114.93.

Insider Buying and Selling

In related news, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 7,096 shares of company stock worth $689,687 over the last three months. 0.75% of the stock is owned by insiders.

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.