Resona Asset Management Co. Ltd. Takes $19.67 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Resona Asset Management Co. Ltd. acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 149,972 shares of the company's stock, valued at approximately $19,673,000.

A number of other large investors have also made changes to their positions in the company. HighTower Advisors LLC increased its position in shares of Kimberly-Clark by 2.5% during the third quarter. HighTower Advisors LLC now owns 141,612 shares of the company's stock worth $20,164,000 after acquiring an additional 3,514 shares in the last quarter. Janus Henderson Group PLC raised its position in Kimberly-Clark by 4.2% in the 3rd quarter. Janus Henderson Group PLC now owns 47,338 shares of the company's stock valued at $6,735,000 after buying an additional 1,900 shares during the last quarter. IHT Wealth Management LLC boosted its position in Kimberly-Clark by 27.1% during the 3rd quarter. IHT Wealth Management LLC now owns 7,115 shares of the company's stock worth $1,013,000 after acquiring an additional 1,517 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in shares of Kimberly-Clark by 5.0% in the third quarter. Royal London Asset Management Ltd. now owns 138,201 shares of the company's stock worth $19,663,000 after purchasing an additional 6,571 shares in the last quarter. Finally, Quarry LP lifted its position in Kimberly-Clark by 215.2% during the 3rd quarter. Quarry LP now owns 394 shares of the company's stock worth $56,000 after buying an additional 269 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays lifted their price objective on shares of Kimberly-Clark from $138.00 to $144.00 and gave the company an "equal weight" rating in a research report on Thursday, March 27th. Royal Bank of Canada reissued an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. Wells Fargo & Company upped their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, March 28th. UBS Group lifted their target price on Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $145.38.

Kimberly-Clark Price Performance

Shares of KMB traded up $1.66 during trading hours on Friday, hitting $139.15. 599,825 shares of the company were exchanged, compared to its average volume of 2,146,072. The company has a market cap of $46.15 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 4.46 and a beta of 0.37. The firm's fifty day moving average is $138.18 and its 200 day moving average is $135.73. Kimberly-Clark Co. has a fifty-two week low of $123.84 and a fifty-two week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were paid a $1.26 dividend. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date was Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.62%. Kimberly-Clark's dividend payout ratio (DPR) is presently 66.75%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares in the company, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is 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.