Mizuho Securities USA LLC Has $6.22 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Mizuho Securities USA LLC increased its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 68.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 43,713 shares of the company's stock after purchasing an additional 17,749 shares during the period. Mizuho Securities USA LLC's holdings in Kimberly-Clark were worth $6,219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark in the 2nd quarter worth approximately $26,000. Crewe Advisors LLC acquired a new stake in shares of Kimberly-Clark during the 1st quarter valued at $27,000. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $28,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its stake 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 valued at $32,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

KMB traded up $2.40 during trading on Friday, hitting $134.08. The stock had a trading volume of 3,199,116 shares, compared to its average volume of 2,177,092. The company has a 50 day simple moving average of $139.49 and a 200-day simple moving average of $139.13. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month 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. The firm has a market cap of $44.71 billion, a PE ratio of 17.39, a P/E/G ratio of 2.81 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. The business's revenue was down 3.5% compared to the same quarter last year. Analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued 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 3.64%. Kimberly-Clark's payout ratio is 63.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Argus raised shares of Kimberly-Clark to a "hold" rating in a research note on Friday, July 26th. UBS Group reduced their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Barclays lifted their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Kimberly-Clark 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.