Kimberly-Clark Co. (NYSE:KMB) Holdings Lifted by Glenmede Trust Co. NA

Glenmede Trust Co. NA raised its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 32.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,517 shares of the company's stock after purchasing an additional 15,693 shares during the quarter. Glenmede Trust Co. NA's holdings in Kimberly-Clark were worth $9,037,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CX Institutional lifted its position in Kimberly-Clark by 1.2% during the second quarter. CX Institutional now owns 5,968 shares of the company's stock valued at $825,000 after buying an additional 71 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of Kimberly-Clark by 0.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company's stock valued at $1,101,000 after acquiring an additional 71 shares during the period. My Legacy Advisors LLC raised its stake in shares of Kimberly-Clark by 4.6% in the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company's stock valued at $248,000 after acquiring an additional 76 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Kimberly-Clark by 1.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company's stock valued at $759,000 after acquiring an additional 77 shares in the last quarter. Finally, Graypoint LLC boosted its position in Kimberly-Clark by 1.5% during the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company's stock worth $756,000 after purchasing an additional 78 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on KMB. Deutsche Bank Aktiengesellschaft raised their price objective 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 dropped their target price on Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada restated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Barclays increased their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a research report 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.com, the company has a consensus rating of "Hold" and a consensus target price of $149.93.

Kimberly-Clark Stock Up 0.1 %

Shares of KMB traded up $0.15 during midday trading on Friday, hitting $139.35. The company had a trading volume of 1,213,088 shares, compared to its average volume of 2,107,212. The stock has a market cap of $46.47 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.92 and a beta of 0.40. The company's 50 day moving average price is $138.49 and its 200 day moving average price is $139.26. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the company earned $1.74 earnings per share. Kimberly-Clark's quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by 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.