Kimberly-Clark Corporation $KMB Shares Bought by Allstate Corp

Allstate Corp raised its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 103.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,845 shares of the company’s stock after acquiring an additional 12,650 shares during the quarter. Allstate Corp’s holdings in Kimberly-Clark were worth $2,507,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Kimberly-Clark by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock worth $4,121,027,000 after purchasing an additional 315,981 shares during the period. State Street Corp boosted its position in shares of Kimberly-Clark by 5.0% in 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Kimberly-Clark by 50.4% in 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 in the last quarter. Capital World Investors boosted its position in shares of Kimberly-Clark by 0.3% in the 3rd quarter. Capital World Investors now owns 4,940,945 shares of the company’s stock worth $614,357,000 after buying an additional 14,306 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Kimberly-Clark by 0.3% in the 3rd quarter. Northern Trust Corp now owns 3,890,193 shares of the company’s stock worth $483,707,000 after buying an additional 9,951 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on KMB. Piper Sandler decreased their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Barclays decreased their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Bank of America decreased their price objective on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, UBS Group upped their target price 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 equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $114.93.

Insider Activity

In other news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The sale 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 stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 7,096 shares of company stock worth $689,687. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $100.18 on Thursday. The firm has a market cap of $33.25 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 4.43 and a beta of 0.29. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The company’s 50-day moving average is $97.72 and its two-hundred day moving average is $101.36. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $144.30.

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

Kimberly-Clark Dividend Announcement

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

About Kimberly-Clark

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.