Quantinno Capital Management LP Purchases 6,513 Shares of Kimberly-Clark Co. (NYSE:KMB)

Quantinno Capital Management LP increased its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 25.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,381 shares of the company's stock after purchasing an additional 6,513 shares during the quarter. Quantinno Capital Management LP's holdings in Kimberly-Clark were worth $4,607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. QRG Capital Management Inc. raised its position in shares of Kimberly-Clark by 5.8% during the second quarter. QRG Capital Management Inc. now owns 14,251 shares of the company's stock worth $1,970,000 after purchasing an additional 787 shares during the period. Gateway Investment Advisers LLC boosted its holdings in shares of Kimberly-Clark by 95.5% in the second quarter. Gateway Investment Advisers LLC now owns 13,766 shares of the company's stock worth $1,902,000 after buying an additional 6,726 shares during the period. Mechanics Bank Trust Department increased its position in shares of Kimberly-Clark by 11.9% in the second quarter. Mechanics Bank Trust Department now owns 5,547 shares of the company's stock worth $767,000 after acquiring an additional 590 shares in the last quarter. Czech National Bank lifted its position in shares of Kimberly-Clark by 8.2% in the 2nd quarter. Czech National Bank now owns 64,163 shares of the company's stock valued at $8,867,000 after acquiring an additional 4,889 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $4,272,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded down $2.18 during mid-day trading on Friday, reaching $134.73. The company had a trading volume of 2,207,244 shares, compared to its average volume of 1,943,438. 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 firm has a market cap of $44.93 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 2.87 and a beta of 0.40. The company has a 50 day moving average of $138.05 and a 200-day moving average of $139.37. 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 (EPS) for the quarter, beating analysts' consensus estimates 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 was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.74 EPS. On average, sell-side analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced 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 of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.62%. Kimberly-Clark's dividend payout ratio is presently 63.29%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KMB shares. Deutsche Bank Aktiengesellschaft upped their price target 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 reduced their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, Barclays increased their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $149.93.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred 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 completion of the transaction, the vice president now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.62% of the stock is owned by insiders.

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.