Robeco Institutional Asset Management B.V. boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,225 shares of the company’s stock after purchasing an additional 19,157 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.05% of Kimberly-Clark worth $17,364,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ancora Advisors LLC bought a new position in shares of Kimberly-Clark in the second quarter valued at about $32,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $32,000. Clearstead Trust LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $33,000. Markowski Investments bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $36,000. Finally, Avalon Trust Co acquired a new position in Kimberly-Clark in the 2nd quarter valued at about $37,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have weighed in on KMB. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Barclays boosted their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. BNP Paribas Exane upped their target price on Kimberly-Clark from $101.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. Finally, Bank of America lowered their target price on Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $115.73.
View Our Latest Research Report on KMB
Kimberly-Clark Stock Down 1.9%
KMB opened at $110.15 on Friday. The stock has a fifty day moving average of $102.70 and a 200-day moving average of $103.03. The company has a market capitalization of $36.63 billion, a P/E ratio of 15.08, a P/E/G ratio of 6.07 and a beta of 0.25. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $123.09. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the company posted $1.92 earnings per share. The company’s revenue was up .6% on a year-over-year basis. On average, equities analysts expect that Kimberly-Clark Corporation will post 6.83 EPS for the current year.
Kimberly-Clark Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $1.28 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. Kimberly-Clark’s payout ratio is currently 87.07%.
Kimberly-Clark Profile
Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.
The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.
Further Reading
- Five stocks we like better than Kimberly-Clark
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
- Chefs’ Warehouse Has Rallied 76%—Can the Stock Keep Climbing?
- MarketBeat Week in Review – 10/19 – 10/23
- Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NASDAQ:KMB – Free Report).
Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.
