Intech Investment Management LLC Has $2.90 Million Position in Kimberly-Clark Corporation $KMB

Intech Investment Management LLC lowered its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 48.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,780 shares of the company’s stock after selling 27,588 shares during the quarter. Intech Investment Management LLC’s holdings in Kimberly-Clark were worth $2,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of KMB. Massachusetts Financial Services Co. MA boosted its stake in shares of Kimberly-Clark by 50.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after purchasing an additional 2,628,206 shares in the last quarter. State Street Corp boosted its stake in shares of Kimberly-Clark by 5.0% in the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after purchasing an additional 997,397 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Kimberly-Clark by 331.6% in the 3rd quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock valued at $137,724,000 after purchasing an additional 851,024 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Kimberly-Clark by 506.1% in the 4th quarter. M&T Bank Corp now owns 758,154 shares of the company’s stock valued at $76,490,000 after purchasing an additional 633,061 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at $48,807,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Bank of America reduced their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, UBS Group boosted their target price on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $114.93.

Insider Activity

In related news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Down 0.5%

Shares of NASDAQ KMB opened at $97.49 on Wednesday. The firm’s 50-day simple moving average is $97.68 and its 200 day simple moving average is $101.26. The company has a market cap of $32.36 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 4.39 and a beta of 0.28. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $141.02.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.93 EPS. On average, research analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 5.3%. Kimberly-Clark’s dividend payout ratio is 80.38%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.