UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in Kimberly-Clark Co. (NYSE:KMB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,712,258 shares of the company's stock after purchasing an additional 20,953 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.81% of Kimberly-Clark worth $385,900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. William B. Walkup & Associates Inc. purchased a new position in Kimberly-Clark during the second quarter worth about $26,000. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $28,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the 3rd quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. raised its position 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. Finally, Kennebec Savings Bank acquired a new position in Kimberly-Clark in the third quarter valued at approximately $36,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KMB shares. UBS Group reduced their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lowered 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 report on Wednesday, October 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, Barclays raised their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $149.93.

Kimberly-Clark Stock Up 0.1 %

Kimberly-Clark stock traded up $0.17 during trading on Friday, reaching $139.37. The stock had a trading volume of 1,213,050 shares, compared to its average volume of 2,107,212. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The stock has a market cap of $46.48 billion, a PE ratio of 18.08, a P/E/G ratio of 2.92 and a beta of 0.40. The business has a 50 day moving average price of $138.49 and a 200 day moving average price of $139.24.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released 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 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 company earned $1.74 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Friday, December 6th. Kimberly-Clark's dividend payout ratio (DPR) is presently 63.29%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company's stock in a transaction 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 completion of the transaction, the vice president now 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 legal filing with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

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.