Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 25.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,003 shares of the company’s stock after selling 1,666 shares during the period. Loomis Sayles & Co. L P’s holdings in Kimberly-Clark were worth $712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Hawaii raised its position in Kimberly-Clark by 1.5% in the third quarter. Bank of Hawaii now owns 7,770 shares of the company’s stock worth $1,106,000 after acquiring an additional 113 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Kimberly-Clark by 23.4% in the third quarter. Daiwa Securities Group Inc. now owns 57,505 shares of the company’s stock valued at $8,182,000 after purchasing an additional 10,890 shares during the period. Summit Trail Advisors LLC boosted its holdings in Kimberly-Clark by 9.5% during the third quarter. Summit Trail Advisors LLC now owns 6,492 shares of the company’s stock worth $932,000 after buying an additional 563 shares in the last quarter. Centaurus Financial Inc. grew its position in Kimberly-Clark by 4.8% during the third quarter. Centaurus Financial Inc. now owns 5,759 shares of the company’s stock worth $819,000 after buying an additional 266 shares during the period. Finally, Swedbank AB increased its holdings in Kimberly-Clark by 3.0% in the third quarter. Swedbank AB now owns 171,142 shares of the company’s stock valued at $24,350,000 after buying an additional 5,034 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on KMB. UBS Group decreased their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. dropped 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 note on Wednesday, October 23rd. Finally, Barclays upped their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Two 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Down 0.4 %

KMB opened at $139.20 on Friday. The stock has a market capitalization of $46.42 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The business has a 50-day moving average of $138.52 and a two-hundred day moving average of $139.21.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate 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 net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.74 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors 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 yield of 3.51%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s payout ratio is currently 63.29%.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.62% of the stock is owned by company 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.