Alberta Investment Management Corp Makes New $9.47 Million Investment in Kimberly-Clark Corporation $KMB

Alberta Investment Management Corp acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 93,890 shares of the company’s stock, valued at approximately $9,473,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Ally Financial Inc. bought a new stake in Kimberly-Clark during the fourth quarter valued at approximately $1,009,000. Citigroup Inc. lifted its position in Kimberly-Clark by 3.7% during the third quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock valued at $49,690,000 after purchasing an additional 14,386 shares during the last quarter. Jain Global LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth approximately $11,973,000. Westpac Banking Corp lifted its holdings in shares of Kimberly-Clark by 25.0% in the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after acquiring an additional 10,811 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Kimberly-Clark by 13.7% in the 4th quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock worth $281,258,000 after acquiring an additional 334,598 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 1.1%

NASDAQ:KMB opened at $104.28 on Wednesday. The company has a fifty day moving average of $98.09 and a 200 day moving average of $100.88. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The firm has a market capitalization of $34.61 billion, a P/E ratio of 16.37, a P/E/G ratio of 4.63 and a beta of 0.28.

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

Kimberly-Clark Dividend Announcement

The company also recently declared 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. This represents a $5.12 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KMB. Piper Sandler lowered their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. UBS Group boosted their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Barclays lowered their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $114.93.

Insiders Place Their Bets

In related news, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were 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 Securities & Exchange Commission, which is available through this link. Also, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $689,687 over the last quarter. 0.75% of the stock is currently owned by company insiders.

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.