Kimberly-Clark Co. (NYSE:KMB) Shares Bought by National Bank of Canada FI

National Bank of Canada FI increased its position in Kimberly-Clark Co. (NYSE:KMB) by 54.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 411,682 shares of the company’s stock after acquiring an additional 145,915 shares during the period. National Bank of Canada FI owned approximately 0.12% of Kimberly-Clark worth $56,704,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $437,420,000. Price T Rowe Associates Inc. MD boosted its position in Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after acquiring an additional 944,920 shares during the period. Capital World Investors grew its stake in shares of Kimberly-Clark by 23.8% in the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after purchasing an additional 370,094 shares in the last quarter. KBC Group NV increased its holdings in shares of Kimberly-Clark by 277.9% during the fourth quarter. KBC Group NV now owns 472,934 shares of the company’s stock valued at $57,466,000 after purchasing an additional 347,778 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Kimberly-Clark by 69.2% during the first quarter. BNP Paribas Financial Markets now owns 779,224 shares of the company’s stock valued at $100,793,000 after purchasing an additional 318,680 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction on Thursday, July 25th. The stock was 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 directly owns 19,935 shares in the company, valued at $2,819,207.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the business’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 completion of the transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KMB shares. Piper Sandler raised their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Barclays dropped their price objective on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $145.67.

Kimberly-Clark Stock Performance

Shares of KMB opened at $148.05 on Friday. The company has a 50-day moving average of $141.33 and a two-hundred day moving average of $134.31. The stock has a market cap of $49.85 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 3.07 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted 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. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the business posted $1.65 EPS. The company’s revenue was down 2.0% on a year-over-year basis. On average, equities research analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.30%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s payout ratio is 89.71%.

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.