Varma Mutual Pension Insurance Co Has $10.04 Million Stock Holdings in Kimberly-Clark Corporation $KMB

Varma Mutual Pension Insurance Co grew its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 21.9% during the fourth quarter, Holdings Channel reports. The firm owned 99,516 shares of the company’s stock after acquiring an additional 17,900 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Kimberly-Clark were worth $10,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Kimberly-Clark by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock valued at $4,121,027,000 after purchasing an additional 315,981 shares during the period. State Street Corp lifted its stake 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 valued at $2,615,382,000 after purchasing an additional 997,397 shares during the period. Massachusetts Financial Services Co. MA increased its position in 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 valued at $790,934,000 after buying an additional 2,628,206 shares in the last quarter. Capital World Investors increased its position in Kimberly-Clark by 0.3% in the 3rd quarter. Capital World Investors now owns 4,940,945 shares of the company’s stock valued at $614,357,000 after buying an additional 14,306 shares in the last quarter. Finally, Northern Trust Corp increased its position in Kimberly-Clark by 0.3% in the 3rd quarter. Northern Trust Corp now owns 3,890,193 shares of the company’s stock valued at $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.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays decreased their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. TD Cowen reduced their target price on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Bank of America reduced their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, UBS Group upped their target price on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $114.93.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 1,596 shares of the company’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 owned 8,362 shares in the company, valued at approximately $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 3,049 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 6,050 shares of company stock worth $606,358. 0.75% of the stock is owned by company insiders.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $97.20 on Wednesday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $144.30. 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 business’s 50 day simple moving average is $100.05 and its 200 day simple moving average is $103.30. The company has a market cap of $32.26 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 4.58 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the business earned $1.93 earnings per share. Kimberly-Clark’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.46 EPS for the current year.

Kimberly-Clark 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.