Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Arjuna Capital

Arjuna Capital boosted its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 44.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,024 shares of the company's stock after buying an additional 6,466 shares during the quarter. Arjuna Capital's holdings in Kimberly-Clark were worth $2,991,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in Kimberly-Clark by 19.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company's stock valued at $762,279,000 after purchasing an additional 944,920 shares during the period. Capital World Investors grew its position in Kimberly-Clark by 17.8% during the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company's stock worth $293,559,000 after acquiring an additional 342,790 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company's stock worth $267,383,000 after acquiring an additional 354,501 shares during the last quarter. Marshall Wace LLP grew its position in shares of Kimberly-Clark by 48.4% in the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company's stock valued at $213,539,000 after buying an additional 503,839 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Kimberly-Clark by 32.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company's stock valued at $188,040,000 after buying an additional 330,327 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. TD Cowen initiated coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They set a "buy" rating and a $161.00 price target on the stock. Argus raised Kimberly-Clark to a "hold" rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a report on Tuesday, October 8th. UBS Group reduced their target price on Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $149.93.

Kimberly-Clark Stock Performance

NYSE:KMB traded up $0.05 during trading hours on Wednesday, reaching $132.19. The company had a trading volume of 1,494,585 shares, compared to its average volume of 2,107,837. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The firm has a market cap of $44.08 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 2.78 and a beta of 0.40. The business's 50 day moving average price is $140.40 and its 200-day moving average price is $139.23. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 earnings per share. Research analysts forecast that Kimberly-Clark Co. will post 7.26 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.69%. Kimberly-Clark's dividend payout ratio is currently 63.29%.

Kimberly-Clark 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.