National Bank of Canada FI Trims Holdings in Kimberly-Clark Co. (NYSE:KMB)

National Bank of Canada FI decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 372,877 shares of the company's stock after selling 38,805 shares during the quarter. National Bank of Canada FI owned approximately 0.11% of Kimberly-Clark worth $53,053,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its stake in Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company's stock worth $2,768,367,000 after buying an additional 1,083,824 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kimberly-Clark by 3.7% in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kimberly-Clark by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company's stock valued at $385,900,000 after acquiring an additional 20,953 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company's stock worth $267,383,000 after acquiring an additional 354,501 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Kimberly-Clark by 48.4% in the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company's stock valued at $213,539,000 after acquiring an additional 503,839 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company's stock.

Kimberly-Clark Price Performance

Shares of KMB traded down $2.18 during trading hours on Friday, reaching $134.73. The company had a trading volume of 2,207,244 shares, compared to its average volume of 1,943,438. 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 Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The firm has a 50 day simple moving average of $138.05 and a 200-day simple moving average of $139.41. The company has a market capitalization of $44.93 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 2.87 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results 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 company 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 company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.74 EPS. Research analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Friday, December 6th. Kimberly-Clark's dividend payout ratio is currently 63.29%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group lowered their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research note on Tuesday, October 8th. Finally, Barclays upped their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Friday, October 11th. Two 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 company currently has a consensus rating of "Hold" and an average target price of $149.93.

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.