Zurcher Kantonalbank Zurich Cantonalbank Has $97.50 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 802,391 shares of the company’s stock after selling 16,848 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kimberly-Clark were worth $97,499,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Cranbrook Wealth Management LLC grew its stake in shares of Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. DHJJ Financial Advisors Ltd. bought a new stake in Kimberly-Clark during the third quarter worth approximately $26,000. OFI Invest Asset Management bought a new stake in Kimberly-Clark during the third quarter worth approximately $25,000. Cornerstone Planning Group LLC bought a new stake in Kimberly-Clark during the second quarter worth approximately $34,000. Finally, First Capital Advisors Group LLC. bought a new stake in Kimberly-Clark during the second quarter worth approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other news, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the sale, the insider now owns 17,229 shares in the company, valued at $2,084,709. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the acquisition, the director now directly owns 827 shares in the company, valued at $100,050.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the transaction, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded down $0.12 during mid-day trading on Tuesday, hitting $125.28. 2,296,001 shares of the company were exchanged, compared to its average volume of 2,111,605. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94. The business has a fifty day moving average of $123.84 and a 200 day moving average of $122.20. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $147.87. The company has a market capitalization of $42.21 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 3.73 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The company had revenue of $5 billion for the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.54 earnings per share. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 6.83 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio is presently 93.85%.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research analyst reports. Barclays upped their price target on Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Company upped their price target on Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. HSBC upped their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. The Goldman Sachs Group initiated coverage on Kimberly-Clark in a report on Friday, March 1st. They set a “buy” rating and a $135.00 price target for the company. Finally, Piper Sandler upped their price target on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $132.43.

Kimberly-Clark Company Profile

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.