Principal Financial Group Inc. Buys 4,044 Shares of Kimberly-Clark Co. (NYSE:KMB)

Posted by Defense World Staff on Aug 19th, 2023

Principal Financial Group Inc. raised its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 413,643 shares of the company’s stock after acquiring an additional 4,044 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of Kimberly-Clark worth $55,519,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KMB. Moneta Group Investment Advisors LLC raised its holdings in Kimberly-Clark by 123,302.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company’s stock valued at $601,394,000 after acquiring an additional 4,426,568 shares during the period. Cowa LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $54,000. Norges Bank acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $441,478,000. Price T Rowe Associates Inc. MD raised its position in shares of Kimberly-Clark by 20.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,628,171 shares of the company’s stock valued at $1,307,025,000 after buying an additional 1,643,311 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Kimberly-Clark by 11.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,095,043 shares of the company’s stock valued at $963,152,000 after buying an additional 715,624 shares in the last quarter. 74.60% of the stock is owned by institutional investors.

Kimberly-Clark Stock Performance

NYSE KMB opened at $128.24 on Friday. The firm’s fifty day moving average price is $133.40 and its two-hundred day moving average price is $133.91. The stock has a market cap of $43.37 billion, a PE ratio of 26.44, a PEG ratio of 2.41 and a beta of 0.39. Kimberly-Clark Co. has a fifty-two week low of $108.74 and a fifty-two week high of $147.87. The company has a debt-to-equity ratio of 12.21, a quick ratio of 0.55 and a current ratio of 0.87.

Kimberly-Clark (NYSE:KMB – Get Free Report) last posted its earnings results on Tuesday, July 25th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.17. The firm had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.13 billion. Kimberly-Clark had a net margin of 8.07% and a return on equity of 303.40%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 earnings per share. On average, equities analysts expect that Kimberly-Clark Co. will post 6.42 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a $1.18 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $4.72 annualized dividend and a dividend yield of 3.68%. Kimberly-Clark’s dividend payout ratio is 97.32%.

Insider Buying and Selling

In related news, insider Jeffrey P. Melucci sold 4,423 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $130.23, for a total value of $576,007.29. Following the sale, the insider now owns 28,169 shares of the company’s stock, valued at $3,668,448.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KMB. Royal Bank of Canada lifted their price target on shares of Kimberly-Clark from $118.00 to $125.00 in a research report on Wednesday, April 26th. Bank of America dropped their price target on shares of Kimberly-Clark from $145.00 to $138.00 in a research report on Wednesday, July 26th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $123.00 to $133.00 in a research report on Wednesday, April 26th. Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $130.00 to $140.00 in a research report on Wednesday, April 26th. Finally, Citigroup lowered their price objective on shares of Kimberly-Clark from $130.00 to $126.00 in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $135.33.

Read Our Latest Research Report on KMB

About Kimberly-Clark

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.