Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 85.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,833 shares of the company's stock after buying an additional 6,847 shares during the period. Assetmark Inc.'s holdings in Kimberly-Clark were worth $2,110,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new stake in Kimberly-Clark in the second quarter valued at $26,000. Crewe Advisors LLC purchased a new position in shares of Kimberly-Clark in the 1st quarter valued at about $27,000. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $28,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark during the second quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. grew its position in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after buying an additional 202 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KMB. 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 report on Wednesday, October 23rd. Argus upgraded Kimberly-Clark to a "hold" rating in a research report on Friday, July 26th. StockNews.com cut Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 30th. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 24th. Finally, TD Cowen initiated coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They set a "buy" rating and a $161.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $149.93.

Kimberly-Clark Trading Down 0.4 %

Shares of Kimberly-Clark stock traded down $0.51 during trading hours on Thursday, reaching $131.68. The stock had a trading volume of 1,542,956 shares, compared to its average volume of 2,105,280. 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 Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The firm has a market capitalization of $43.91 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 2.78 and a beta of 0.40. The firm has a 50 day simple moving average of $140.08 and a two-hundred day simple moving average of $139.18.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the firm posted $1.74 earnings per share. Kimberly-Clark's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.26 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.71%. Kimberly-Clark's dividend payout ratio (DPR) is 63.29%.

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.