BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $8 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 12.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,189 shares of the company's stock after selling 8,338 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Kimberly-Clark were worth $7,995,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark during the 2nd quarter valued at approximately $26,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark during the second quarter worth about $28,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the third quarter worth about $29,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after acquiring an additional 202 shares during the period. Finally, Kennebec Savings Bank bought a new stake in Kimberly-Clark in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Price Performance

KMB stock traded up $0.21 on Monday, hitting $139.56. 2,397,068 shares of the company's stock traded hands, compared to its average volume of 2,108,461. The stock has a market cap of $46.54 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 2.92 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The stock has a fifty day moving average of $138.46 and a 200-day moving average of $139.33. 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 announced its 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 company had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the company posted $1.74 earnings per share. On average, analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, December 6th. Kimberly-Clark's dividend payout ratio is currently 63.29%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company's stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays raised their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. UBS Group lowered their target price on Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $149.93.

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.