Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 85.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 14,833 shares of the company’s stock after acquiring an additional 6,847 shares during the period. Assetmark Inc.’s holdings in Kimberly-Clark were worth $2,110,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Windward Capital Management Co. CA grew its holdings in shares of Kimberly-Clark by 1.0% in the third quarter. Windward Capital Management Co. CA now owns 23,635 shares of the company’s stock valued at $3,363,000 after purchasing an additional 229 shares during the period. CWA Asset Management Group LLC acquired a new position in Kimberly-Clark in the 3rd quarter valued at about $515,000. Equitable Trust Co. grew its stake in shares of Kimberly-Clark by 3.3% in the 3rd quarter. Equitable Trust Co. now owns 9,366 shares of the company’s stock valued at $1,333,000 after buying an additional 300 shares during the period. AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Kimberly-Clark by 135.9% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 242,779 shares of the company’s stock worth $34,543,000 after buying an additional 139,844 shares during the last quarter. Finally, Leavell Investment Management Inc. raised its position in shares of Kimberly-Clark by 143.2% during the 3rd quarter. Leavell Investment Management Inc. now owns 10,659 shares of the company’s stock valued at $1,529,000 after buying an additional 6,277 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KMB. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. 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. JPMorgan Chase & Co. cut their target price 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. TD Cowen began coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target for the company. Finally, Barclays boosted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Trading Up 0.0 %

Shares of KMB opened at $132.19 on Thursday. 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 1-year low of $117.67 and a 1-year high of $149.30. The stock has a market capitalization of $44.08 billion, a P/E ratio of 17.20, a P/E/G ratio of 2.78 and a beta of 0.40. The business’s 50-day moving average price is $140.40 and its 200 day moving average price is $139.23.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.74 EPS. Analysts expect that Kimberly-Clark Co. will post 7.26 earnings per share for the current year.

Kimberly-Clark Announces Dividend

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 3.69%. Kimberly-Clark’s dividend payout ratio is 63.29%.

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.