Vanguard Amends Kimberly-Clark Stake to 10.9% as of Dec 29, 2023

TL;DR

**Vanguard still owns a huge 10.9% of Kimberly-Clark, signaling continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Kimberly-Clark Corp. As of December 29, 2023, Vanguard beneficially owned 37,286,812 shares of Kimberly-Clark's Common Stock, representing 10.9% of the company. This filing indicates Vanguard's continued significant passive stake, which is important for investors as large institutional ownership can provide stability and signal confidence in the company's long-term prospects.

Why It Matters

This filing shows that Vanguard Group remains a significant institutional holder of Kimberly-Clark, which can influence stock stability and investor confidence due to their large, passive investment strategy.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company operations.

Analyst Insight

Investors should note Vanguard's continued large, passive stake in Kimberly-Clark, which suggests institutional confidence in the company's long-term stability, but this filing alone doesn't warrant immediate action.

Key Numbers

• 37,286,812 — Shares Beneficially Owned (The total number of Kimberly-Clark shares Vanguard holds, indicating a substantial investment.)
• 10.9% — Percentage of Class (This percentage shows Vanguard's significant influence as a major shareholder in Kimberly-Clark.)
• December 29, 2023 — Date of Event (The effective date of the ownership data reported in the filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and beneficial owner
• Kimberly-Clark Corp (company) — issuer of the securities
• 37,286,812 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 10.9% (dollar_amount) — percentage of Kimberly-Clark's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive ownership stake in Kimberly-Clark Corp. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

From the Filing

0001104659-24-020076.txt : 20240213 0001104659-24-020076.hdr.sgml : 20240213 20240213165549 ACCESSION NUMBER: 0001104659-24-020076 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KIMBERLY CLARK CORP CENTRAL INDEX KEY: 0000055785 STANDARD INDUSTRIAL CLASSIFICATION: CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 390394230 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-17596 FILM NUMBER: 24627104 BUSINESS ADDRESS: STREET 1: 351 PHELPS DRIVE CITY: IRVING STATE: TX ZIP: 75038 BUSINESS PHONE: 9722811200 MAIL ADDRESS: STREET 1: P O BOX 619100 STREET 2: DFW AIRPORT STATION CITY: DALLAS STATE: TX ZIP: 75261-9100 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0084-kimberlyclarkcorp.htm SCHEDULE 13G/A kimberlyclarkcorp SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10)* Name of issuer:  Kimberly-Clark Corp Title of Class of Securities:  Common Stock CUSIP Number:  494368103 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  494368103 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 450,616 7.  SOLE DISPOSITIVE POWER 28,631,723 8.  SHARED DISPOSITIVE POWER 1,511,302 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 30,143,025 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.92% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Kimberly-Clark Corp Item 1(b) - Address of Issuer's Principal Executive Offices: 351 Phelps Drive Irving, TX 75038-6507 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Nu