Barclays PLC Has $239.27 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Barclays PLC boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 19.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,681,671 shares of the company's stock after purchasing an additional 273,813 shares during the period. Barclays PLC owned 0.50% of Kimberly-Clark worth $239,267,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wedmont Private Capital lifted its position in Kimberly-Clark by 22.0% in the 2nd quarter. Wedmont Private Capital now owns 5,382 shares of the company's stock worth $762,000 after buying an additional 971 shares in the last quarter. M&G Plc acquired a new stake in Kimberly-Clark during the second quarter valued at $2,408,000. Burke & Herbert Bank & Trust Co. grew its stake in Kimberly-Clark by 50.3% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 4,413 shares of the company's stock valued at $610,000 after purchasing an additional 1,476 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Kimberly-Clark by 9.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 102,332 shares of the company's stock worth $14,142,000 after purchasing an additional 8,926 shares in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its holdings in shares of Kimberly-Clark by 5.8% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 34,649 shares of the company's stock valued at $4,788,000 after buying an additional 1,884 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded up $0.16 during trading on Tuesday, hitting $133.11. 2,662,499 shares of the stock were exchanged, compared to its average volume of 2,117,287. The company's fifty day simple moving average is $137.86 and its 200-day simple moving average is $139.42. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The company has a market capitalization of $44.39 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 2.83 and a beta of 0.40. 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 quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $1.74 EPS. Sell-side analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Friday, December 6th. Kimberly-Clark's dividend payout ratio is 63.29%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 5,053 shares in the company, valued at $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. Company insiders own 0.62% of the company's stock.

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.