Sanctuary Advisors LLC Raises Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Sanctuary Advisors LLC grew its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 99.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,474 shares of the company's stock after purchasing an additional 33,102 shares during the period. Sanctuary Advisors LLC's holdings in Kimberly-Clark were worth $9,201,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KMB. State Street Corp raised its holdings in shares of Kimberly-Clark by 5.9% during the third quarter. State Street Corp now owns 19,304,396 shares of the company's stock worth $2,768,367,000 after acquiring an additional 1,083,824 shares in the last quarter. Wulff Hansen & CO. raised its holdings in Kimberly-Clark by 13,720.0% during the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company's stock valued at $88,659,000 after buying an additional 636,882 shares in the last quarter. Marshall Wace LLP raised its holdings in Kimberly-Clark by 48.4% during the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company's stock valued at $213,539,000 after buying an additional 503,839 shares in the last quarter. Ilex Capital Partners UK LLP raised its holdings in Kimberly-Clark by 140.0% during the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company's stock valued at $94,278,000 after buying an additional 386,510 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Kimberly-Clark by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company's stock valued at $1,431,443,000 after buying an additional 358,926 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm's stock in a transaction dated 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. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by insiders.

Kimberly-Clark Stock Up 0.3 %

KMB traded up $0.45 during midday trading on Friday, hitting $131.34. The company had a trading volume of 1,621,589 shares, compared to its average volume of 2,113,666. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week 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 capitalization of $43.80 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.74 and a beta of 0.40. The stock's 50 day moving average price is $137.08 and its 200 day moving average price is $139.37.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data 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 net margin of 12.97% and a return on equity of 198.59%. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 EPS. On average, research analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark's dividend payout ratio is currently 63.29%.

Analysts Set New Price Targets

KMB has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a research report on Wednesday, October 23rd. UBS Group lowered their price target on Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised 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. Barclays raised their price target on 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, Royal Bank of Canada reissued an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $149.93.

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.