Y Intercept Hong Kong Ltd Buys Shares of 6,384 Kimberly-Clark Co. (NYSE:KMB)

Y Intercept Hong Kong Ltd bought a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,384 shares of the company's stock, valued at approximately $908,000.

Several other hedge funds have also bought and sold shares of the company. Orion Portfolio Solutions LLC raised its stake in Kimberly-Clark by 8.8% in the third quarter. Orion Portfolio Solutions LLC now owns 32,390 shares of the company's stock valued at $4,608,000 after buying an additional 2,614 shares during the period. XTX Topco Ltd raised its stake in Kimberly-Clark by 119.5% in the 3rd quarter. XTX Topco Ltd now owns 25,952 shares of the company's stock valued at $3,692,000 after acquiring an additional 14,130 shares during the period. Zacks Investment Management raised its stake in Kimberly-Clark by 3.8% in the 3rd quarter. Zacks Investment Management now owns 75,166 shares of the company's stock valued at $10,695,000 after acquiring an additional 2,779 shares during the period. iA Global Asset Management Inc. lifted its holdings in Kimberly-Clark by 9.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 24,372 shares of the company's stock valued at $3,468,000 after purchasing an additional 2,137 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in Kimberly-Clark by 24.0% during the third quarter. EP Wealth Advisors LLC now owns 20,812 shares of the company's stock worth $2,961,000 after purchasing an additional 4,028 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KMB shares. Barclays increased 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 report on Friday, October 11th. JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada restated an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. UBS Group lowered their target price on Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a report on Tuesday, October 8th. Two investment 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 MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $149.93.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.62% of the company's stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded up $0.45 during mid-day trading on Friday, reaching $131.34. The company had a trading volume of 1,621,504 shares, compared to its average volume of 2,113,666. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The business's 50-day simple moving average is $137.27 and its 200 day simple moving average is $139.31. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The firm has a market cap of $43.80 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 2.74 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.74 EPS. On average, research analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders 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 3.72%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark's dividend payout ratio is presently 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.