Mitsubishi UFJ Asset Management Co. Ltd. Has $73.21 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 564,182 shares of the company's stock after acquiring an additional 30,376 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of Kimberly-Clark worth $73,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Park Avenue Securities LLC grew its position in Kimberly-Clark by 77.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock valued at $1,807,000 after buying an additional 6,016 shares during the last quarter. Pensionfund Sabic boosted its holdings in Kimberly-Clark by 45.5% during the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock worth $1,677,000 after buying an additional 4,000 shares in the last quarter. Barclays PLC increased its stake in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock valued at $239,267,000 after purchasing an additional 273,813 shares in the last quarter. Aprio Wealth Management LLC raised its stake in shares of Kimberly-Clark by 20.0% during the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company's stock worth $366,000 after buying an additional 466 shares during the last quarter. Finally, West Oak Capital LLC raised its position in Kimberly-Clark by 20,377.6% during the fourth quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock worth $4,428,000 after acquiring an additional 33,623 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KMB. Citigroup reduced their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a report on Wednesday, January 15th. TD Cowen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target for the company. in a research report on Wednesday, January 8th. Barclays increased their price objective on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 27th. StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $144.85.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded down $1.06 during mid-day trading on Wednesday, reaching $141.97. The company's stock had a trading volume of 489,999 shares, compared to its average volume of 2,156,337. The business has a 50 day moving average price of $136.76 and a 200-day moving average price of $135.92. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a twelve month low of $123.84 and a twelve month high of $150.45. The firm has a market cap of $47.09 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a $1.26 dividend. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.55%. Kimberly-Clark's payout ratio is 66.75%.

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.