Pacer Advisors Inc. Increases Holdings in Kimberly-Clark Corporation $KMB

Pacer Advisors Inc. boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 49.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,711 shares of the company’s stock after buying an additional 13,825 shares during the period. Pacer Advisors Inc.’s holdings in Kimberly-Clark were worth $4,208,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ally Financial Inc. acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $1,009,000. Citigroup Inc. increased its position in Kimberly-Clark by 3.7% during the third quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock worth $49,690,000 after purchasing an additional 14,386 shares during the last quarter. Jain Global LLC purchased a new position in Kimberly-Clark during the third quarter worth about $11,973,000. Westpac Banking Corp raised its stake in Kimberly-Clark by 25.0% during the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after purchasing an additional 10,811 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Kimberly-Clark by 13.7% in the 4th quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock valued at $281,258,000 after purchasing an additional 334,598 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In related news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction 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 sale, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 7,096 shares of company stock valued at $689,687. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on KMB shares. Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Barclays decreased their price objective on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Piper Sandler increased their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft cut their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, UBS Group upped their price target on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $115.43.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $100.50 on Tuesday. The company’s 50 day simple moving average is $98.53 and its 200-day simple moving average is $100.70. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $137.46. The company has a market capitalization of $33.36 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 4.60 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data 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 firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $1.93 EPS. As a group, equities research analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a dividend of $1.28 per share. 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%.

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.