Martingale Asset Management L P Has $28.68 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Martingale Asset Management L P decreased its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 12.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 201,604 shares of the company's stock after selling 27,920 shares during the quarter. Martingale Asset Management L P owned approximately 0.06% of Kimberly-Clark worth $28,684,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. CX Institutional increased its holdings in Kimberly-Clark by 1.2% in the second quarter. CX Institutional now owns 5,968 shares of the company's stock worth $825,000 after buying an additional 71 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Kimberly-Clark by 0.9% during the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company's stock valued at $1,101,000 after purchasing an additional 71 shares in the last quarter. My Legacy Advisors LLC lifted its stake in shares of Kimberly-Clark by 4.6% in the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company's stock valued at $248,000 after purchasing an additional 76 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Kimberly-Clark by 1.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company's stock worth $759,000 after purchasing an additional 77 shares in the last quarter. Finally, Graypoint LLC increased its position in Kimberly-Clark by 1.5% during the third quarter. Graypoint LLC now owns 5,315 shares of the company's stock worth $756,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

KMB traded up $0.15 on Friday, hitting $139.35. 1,213,086 shares of the stock traded hands, compared to its average volume of 2,107,212. The business has a fifty day moving average price of $138.52 and a two-hundred day moving average price of $139.21. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a market capitalization of $46.47 billion, a PE ratio of 18.05, a P/E/G ratio of 2.92 and a beta of 0.40. 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 released 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 business had revenue of $4.95 billion for the quarter, compared to analysts' expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 earnings per share. On average, research analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.50%. Kimberly-Clark's dividend payout ratio (DPR) is currently 63.29%.

Analyst Ratings Changes

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

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 transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % 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. 0.62% of the stock is currently 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.