State Street Corp Amends Kimberly-Clark Stake, Remains Passive Holder
Ticker: KMB · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 55785
| Field | Detail |
|---|---|
| Company | Kimberly Clark CORP (KMB) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, form-13G
Related Tickers: KMB
TL;DR
**State Street still owns KMB shares, no big changes here.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of Kimberly-Clark Corp (KMB) common stock as of December 31, 2023. This filing indicates that State Street continues to hold a significant, though passive, stake in Kimberly-Clark. For investors, this means a large institutional investor maintains confidence in KMB, which can provide a sense of stability, but it doesn't signal any new strategic moves or changes in company direction.
Why It Matters
This filing confirms a major institutional investor's continued, passive interest in Kimberly-Clark, suggesting ongoing confidence in the company's stability without indicating any activist intentions.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not signal any immediate risks or opportunities.
Analyst Insight
Investors should view this as a routine update confirming institutional presence, not a signal for immediate buying or selling, as it indicates no change in investment strategy from State Street.
Key Numbers
- 494368103 — CUSIP Number (identifies Kimberly-Clark Corp common stock)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- Kimberly-Clark Corp (company) — the subject company whose securities are being reported
- 0000093751-24-000324 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- State Street Corporation will likely maintain its passive investment in Kimberly-Clark Corp. (State Street Corporation) — high confidence, target: Next 12 months
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a passive ownership stake.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, with an I.R.S. Identification No. of 04-2456637.
What is the subject company whose securities are being reported?
The subject company is KIMBERLY-CLARK CORP, identified by CUSIP number 494368103.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding KIMBERLY CLARK CORP (KMB).