Kimberly-Clark Co. (NYSE:KMB) Stake Lifted by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lifted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 140.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 433,409 shares of the company's stock after acquiring an additional 253,283 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.13% of Kimberly-Clark worth $61,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of KMB. Atria Investments Inc raised its holdings in Kimberly-Clark by 18.4% in the 1st quarter. Atria Investments Inc now owns 24,924 shares of the company's stock valued at $3,224,000 after acquiring an additional 3,876 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Kimberly-Clark by 7.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,971 shares of the company's stock valued at $269,000 after acquiring an additional 130 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Kimberly-Clark by 36.4% in the second quarter. GAMMA Investing LLC now owns 8,625 shares of the company's stock valued at $1,192,000 after purchasing an additional 2,301 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Kimberly-Clark by 105.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,042 shares of the company's stock worth $282,000 after buying an additional 1,048 shares in the last quarter. Finally, DNB Asset Management AS boosted its position in Kimberly-Clark by 7.0% during the 2nd quarter. DNB Asset Management AS now owns 53,473 shares of the company's stock valued at $7,390,000 after buying an additional 3,502 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Price Performance

NYSE:KMB traded up $0.15 during mid-day trading on Friday, hitting $139.35. 1,213,088 shares of the stock traded hands, compared to its average volume of 1,893,441. The business's 50-day moving average price is $138.49 and its 200 day moving average price is $139.30. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The company has a market cap of $46.47 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the company earned $1.74 EPS. On average, analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Analyst Ratings Changes

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

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 shares were sold at an average price of $139.01, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is owned by company insiders.

About Kimberly-Clark

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.