Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,680 shares of the company’s stock after acquiring an additional 77 shares during the period. IFM Investors Pty Ltd’s holdings in Kimberly-Clark were worth $9,630,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Kimberly-Clark by 18.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after purchasing an additional 69,794 shares during the period. Manning & Napier Advisors LLC acquired a new position in Kimberly-Clark during the 2nd quarter worth approximately $14,751,000. Swedbank AB boosted its holdings in Kimberly-Clark by 4.0% in the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after acquiring an additional 6,392 shares during the period. Vest Financial LLC grew its position in Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after acquiring an additional 21,339 shares in the last quarter. Finally, PGGM Investments raised its stake in shares of Kimberly-Clark by 84.6% during the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock valued at $3,583,000 after purchasing an additional 11,882 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Trading Up 0.1 %

NYSE KMB opened at $137.01 on Friday. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. Kimberly-Clark Co. has a one year low of $116.63 and a one year high of $149.30. The company has a 50-day simple moving average of $143.18 and a 200-day simple moving average of $138.66. The firm has a market capitalization of $46.13 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 earnings per share. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KMB shares. Barclays upped their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Piper Sandler lifted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Finally, UBS Group dropped their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday. Two equities 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $149.93.

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.