Invesco Ltd. Has $740.87 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Invesco Ltd. boosted its stake in Kimberly-Clark Co. (NYSE:KMB) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,653,751 shares of the company’s stock after purchasing an additional 1,015,141 shares during the period. Invesco Ltd.’s holdings in Kimberly-Clark were worth $740,868,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its holdings in shares of Kimberly-Clark by 4.2% during the 3rd quarter. Janus Henderson Group PLC now owns 47,338 shares of the company’s stock valued at $6,735,000 after acquiring an additional 1,900 shares in the last quarter. Quarry LP raised its position in Kimberly-Clark by 215.2% in the third quarter. Quarry LP now owns 394 shares of the company’s stock valued at $56,000 after purchasing an additional 269 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Kimberly-Clark by 24.0% during the third quarter. EP Wealth Advisors LLC now owns 20,812 shares of the company’s stock valued at $2,961,000 after purchasing an additional 4,028 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Kimberly-Clark by 8.8% during the third quarter. Orion Portfolio Solutions LLC now owns 32,390 shares of the company’s stock worth $4,608,000 after purchasing an additional 2,614 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Kimberly-Clark in the third quarter valued at approximately $908,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 2.6 %

Kimberly-Clark stock opened at $134.39 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $44.57 billion, a PE ratio of 17.80, a PEG ratio of 4.46 and a beta of 0.37. The firm’s fifty day moving average is $137.71 and its 200 day moving average is $135.87. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data 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%. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were issued a $1.26 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.75%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KMB shares. Piper Sandler restated an “overweight” rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Citigroup decreased their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, UBS Group raised their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $144.85.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares of the company’s stock, valued at approximately $357,420. This trade represents a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

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.