Kimberly-Clark Co. (NYSE:KMB) Holdings Increased by Chelsea Counsel Co.

by · The Markets Daily

Chelsea Counsel Co. increased its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,870 shares of the company’s stock after acquiring an additional 300 shares during the period. Kimberly-Clark makes up approximately 0.9% of Chelsea Counsel Co.’s investment portfolio, making the stock its 28th biggest position. Chelsea Counsel Co.’s holdings in Kimberly-Clark were worth $1,847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vest Financial LLC lifted its holdings in shares of 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 buying an additional 21,339 shares during the period. Barclays PLC lifted its holdings in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after acquiring an additional 273,813 shares during the last quarter. Swedbank AB grew its stake in shares of 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 purchasing an additional 6,392 shares during the last quarter. Sarasin & Partners LLP bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $36,608,000. Finally, Pathstone Holdings LLC lifted its stake in Kimberly-Clark by 9.0% during the third quarter. Pathstone Holdings LLC now owns 51,217 shares of the company’s stock valued at $7,294,000 after purchasing an additional 4,229 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group dropped their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Finally, Barclays lifted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $149.93.

Check Out Our Latest Research Report on Kimberly-Clark

Kimberly-Clark Trading Down 1.8 %

Shares of KMB stock opened at $130.65 on Thursday. The business’s 50 day moving average is $137.67 and its two-hundred day moving average is $139.43. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company has a market cap of $43.57 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 2.83 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the prior year, the company earned $1.74 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Company Profile

(Free Report)

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.

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