Benjamin Edwards Inc. boosted its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 738.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,261 shares of the company's stock after buying an additional 69,809 shares during the quarter. Benjamin Edwards Inc.'s holdings in Kimberly-Clark were worth $11,280,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of KMB. Wulff Hansen & CO. boosted its stake in Kimberly-Clark by 13,720.0% in the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company's stock valued at $88,659,000 after acquiring an additional 636,882 shares during the period. Marshall Wace LLP grew its stake in Kimberly-Clark by 48.4% during the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company's stock worth $213,539,000 after buying an additional 503,839 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Kimberly-Clark by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company's stock worth $1,431,443,000 after buying an additional 358,926 shares during the period. Dimensional Fund Advisors LP lifted its stake in Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company's stock valued at $267,383,000 after buying an additional 354,501 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Kimberly-Clark by 32.1% during the second quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company's stock valued at $188,040,000 after acquiring an additional 330,327 shares during the period. Institutional investors own 76.29% of the company's stock.
Insider Transactions at Kimberly-Clark
In related news, VP Andrew Drexler sold 3,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.62% of the company's stock.
Kimberly-Clark Stock Down 1.0 %
NYSE:KMB traded down $1.38 during trading hours on Tuesday, hitting $138.18. 662,772 shares of the stock traded hands, compared to its average volume of 2,102,169. The firm has a 50 day moving average price of $138.46 and a 200 day moving average price of $139.33. The firm has a market cap of $46.08 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.92 and a beta of 0.40. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.
Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. Kimberly-Clark's quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.
Kimberly-Clark Dividend Announcement
The company also recently announced 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 annualized dividend and a yield of 3.53%. The ex-dividend date is Friday, December 6th. Kimberly-Clark's payout ratio is currently 63.29%.
Analysts Set New Price Targets
Several research firms have commented on KMB. Barclays upped their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research report on Tuesday, October 8th. UBS Group decreased their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $149.93.
Read Our Latest Analysis on Kimberly-Clark
Kimberly-Clark Profile
(
Free Report)
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.
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