Varma Mutual Pension Insurance Co sells 9,797 shares of Kimberly-Clark Co. (NYSE:KMB)

Varma Mutual Pension Insurance Co reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,303 shares of the company’s stock after selling 9,797 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Kimberly-Clark were worth $13,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have recently modified their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Kimberly-Clark by 18.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after buying an additional 69,794 shares in the last quarter. Virtu Financial LLC raised its stake in shares of Kimberly-Clark by 506.8% during the fourth quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock valued at $1,574,000 after purchasing an additional 10,820 shares in the last quarter. Nixon Peabody Trust Co. purchased a new position in Kimberly-Clark during the fourth quarter valued at $1,081,000. Focus Financial Network Inc. ADV acquired a new position in Kimberly-Clark during the fourth quarter valued at $1,094,000. Finally, Cantor Fitzgerald Investment Advisors LP purchased a new position in Kimberly-Clark in the fourth quarter valued at $11,994,000. 76.29% of shares are currently owned by institutional investors.

Analysts set new price targets

KMB has been the subject of several recent research reports. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. TD Cowen initiated coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective for the company. Piper Sandler raised their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th . Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $145.67, according to MarketBeat .

Read the latest stock analysis on Kimberly-Clark

Kimberly-Clark shares fell 0.8%

Shares of Kimberly-Clark stock opened at $146.91 on Monday. The stock has a market cap of $49.48 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.12 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58, and a current ratio of 0.85. Kimberly-Clark Co. it has a one year low of $116.32 and a one year high of $149.30. The stock has a fifty-day moving average of $141.51 and a 200-day moving average of $134.71.

Kimberly-Clark (NYSE:KMB – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s revenue for the quarter was down 2.0% compared to the same quarter last year. In the same quarter last year, the company earned $1.65 per share. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be paid a dividend of $1.22 per share. This represents an annualized dividend of $4.88 and a yield of 3.32%. The ex-dividend date is Friday, September 6. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider buying and selling at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. 0.62% of shares are currently held by corporate insiders.

Kimberly-Clark Profile

(Free report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care products and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Fabrics and KC Professional. The company’s personal care segment offers disposable diapers, training and youth pants, baby wipes, feminine care and incontinence products, reusable underwear and other related products under Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex , U de Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex and other brands.

See Also

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