Assenagon Asset Management S.A. purchased a new position in Kimberly Clark Corp (NYSE:KMB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,670 shares of the company’s stock, valued at approximately $1,020,000.

Several other institutional investors and hedge funds have also made changes to their positions in KMB. Coldstream Capital Management Inc. lifted its position in Kimberly Clark by 0.3% during the second quarter. Coldstream Capital Management Inc. now owns 1,597 shares of the company’s stock valued at $206,000 after acquiring an additional 5 shares during the last quarter. Mosaic Family Wealth LLC lifted its position in Kimberly Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after acquiring an additional 6 shares during the last quarter. Investment Partners Ltd. OH ADV lifted its position in Kimberly Clark by 0.3% during the second quarter. Investment Partners Ltd. OH ADV now owns 2,852 shares of the company’s stock valued at $368,000 after acquiring an additional 8 shares during the last quarter. Winch Advisory Services LLC lifted its position in Kimberly Clark by 0.6% during the second quarter. Winch Advisory Services LLC now owns 1,404 shares of the company’s stock valued at $181,000 after acquiring an additional 8 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. lifted its position in Kimberly Clark by 0.6% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,480 shares of the company’s stock valued at $320,000 after acquiring an additional 14 shares during the last quarter. 71.61% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on KMB shares. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Jefferies Group reissued a “hold” rating and set a $119.00 target price on shares of Kimberly Clark in a research report on Thursday, September 7th. Royal Bank of Canada reissued a “hold” rating and set a $121.00 target price on shares of Kimberly Clark in a research report on Friday, September 8th. Macquarie started coverage on shares of Kimberly Clark in a research report on Friday, September 15th. They set a “neutral” rating and a $121.00 target price for the company. Finally, J P Morgan Chase & Co cut shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $115.55 to $100.00 in a research report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $126.36.

Kimberly Clark Corp (NYSE:KMB) traded down $2.09 during midday trading on Wednesday, hitting $116.40. 2,040,400 shares of the company’s stock were exchanged, compared to its average volume of 1,818,241. The stock has a market capitalization of $41,679.72, a PE ratio of 19.39, a P/E/G ratio of 3.08 and a beta of 0.76. Kimberly Clark Corp has a fifty-two week low of $109.67 and a fifty-two week high of $136.21. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $1.52 earnings per share. sell-side analysts forecast that Kimberly Clark Corp will post 6.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be issued a $0.97 dividend. The ex-dividend date is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.33%. Kimberly Clark’s dividend payout ratio is currently 64.03%.

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About Kimberly Clark

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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