Nomura Asset Management Co. Ltd. Has $56.84 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Nomura Asset Management Co. Ltd. raised its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 399,464 shares of the company's stock after purchasing an additional 10,549 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.12% of Kimberly-Clark worth $56,836,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KMB. Wesbanco Bank Inc. grew its position 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 buying an additional 71 shares during the last quarter. My Legacy Advisors LLC boosted its stake in Kimberly-Clark by 4.6% in the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company's stock valued at $248,000 after acquiring an additional 76 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in shares of Kimberly-Clark by 1.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company's stock valued at $759,000 after purchasing an additional 77 shares during the last quarter. Graypoint LLC raised its position in shares of Kimberly-Clark by 1.5% during the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company's stock worth $756,000 after purchasing an additional 78 shares during the period. Finally, Truvestments Capital LLC lifted its holdings in shares of Kimberly-Clark by 2.7% in the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company's stock worth $424,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. UBS Group cut 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. Barclays upped their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a report on Wednesday, October 23rd. 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $149.93.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares of the company's stock, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.62% of the company's stock.

Kimberly-Clark Price Performance

NYSE:KMB traded up $0.16 during mid-day trading on Tuesday, reaching $133.11. 2,662,499 shares of the stock were exchanged, compared to its average volume of 2,117,287. 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. The firm has a market capitalization of $44.39 billion, a PE ratio of 17.26, a PEG ratio of 2.83 and a beta of 0.40. The business has a fifty day moving average price of $137.86 and a 200 day moving average price of $139.42.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for 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 business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 EPS. Research analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark's payout ratio is 63.29%.

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.