Meeder Asset Management Inc. Acquires 32,155 Shares of Kimberly-Clark Co. (NYSE:KMB)

Meeder Asset Management Inc. grew its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 45,288.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,226 shares of the company's stock after buying an additional 32,155 shares during the quarter. Meeder Asset Management Inc.'s holdings in Kimberly-Clark were worth $4,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMB. William B. Walkup & Associates Inc. acquired a new position in shares of Kimberly-Clark in the second quarter worth $26,000. New Millennium Group LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at $28,000. Crewe Advisors LLC acquired a new stake in Kimberly-Clark during the first quarter worth about $27,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after purchasing an additional 202 shares in the last quarter. Finally, Kennebec Savings Bank bought a new stake in Kimberly-Clark in the 3rd quarter valued at $36,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Down 0.3 %

Shares of NYSE:KMB traded down $0.38 during trading on Tuesday, hitting $135.63. 1,767,470 shares of the company's stock were exchanged, compared to its average volume of 2,108,360. The firm has a 50-day moving average price of $139.06 and a two-hundred day moving average price of $139.15. The firm has a market cap of $45.23 billion, a P/E ratio of 17.59, a PEG ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. 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 (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $5.06 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. Equities analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark's dividend payout ratio is currently 63.29%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 30th. UBS Group lowered their price objective on Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a research report on Wednesday, October 23rd. TD Cowen initiated coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $161.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.