Kimberly-Clark Corporation $KMB Shares Bought by Thompson Investment Management Inc.

Thompson Investment Management Inc. grew its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 67.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,771 shares of the company’s stock after purchasing an additional 21,202 shares during the quarter. Thompson Investment Management Inc.’s holdings in Kimberly-Clark were worth $5,324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Monarch Capital Management Inc. lifted its holdings in shares of Kimberly-Clark by 1.9% during the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after acquiring an additional 81 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in shares of Kimberly-Clark by 3.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock valued at $321,000 after purchasing an additional 87 shares during the last quarter. Bill Few Associates Inc. increased its holdings in shares of Kimberly-Clark by 2.2% during the 3rd quarter. Bill Few Associates Inc. now owns 4,787 shares of the company’s stock worth $595,000 after buying an additional 103 shares during the last quarter. NTV Asset Management LLC raised its position in shares of Kimberly-Clark by 4.1% in the 3rd quarter. NTV Asset Management LLC now owns 2,640 shares of the company’s stock worth $328,000 after buying an additional 103 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. grew its position in Kimberly-Clark by 1.8% during the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,729 shares of the company’s stock valued at $712,000 after acquiring an additional 104 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KMB shares. Barclays set a $102.00 target price on Kimberly-Clark in a report on Friday, January 16th. Piper Sandler decreased their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Wells Fargo & Company set a $110.00 price objective on Kimberly-Clark in a research note on Tuesday, February 17th. BNP Paribas Exane reiterated a “neutral” rating and set a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. Finally, Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $116.42.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $98.66 on Monday. The company has a market capitalization of $32.75 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 3.51 and a beta of 0.24. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. Kimberly-Clark Corporation has a 12 month low of $96.26 and a 12 month high of $147.12. The company’s fifty day moving average price is $103.43 and its two-hundred day moving average price is $107.86.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm earned $1.50 EPS. The company’s revenue was down .6% on a year-over-year basis. As a group, research analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a dividend of $1.28 per share. The ex-dividend date is Friday, March 6th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a yield of 5.2%. Kimberly-Clark’s payout ratio is currently 84.35%.

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.