Kimberly-Clark Co. (NYSE:KMB) Position Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in Kimberly-Clark Co. (NYSE:KMBGet Rating) by 3.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 323,121 shares of the company’s stock after purchasing an additional 11,559 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of Kimberly-Clark worth $36,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cowa LLC acquired a new stake in shares of Kimberly-Clark in the 1st quarter valued at $54,000. Federated Hermes Inc. raised its holdings in shares of Kimberly-Clark by 44.6% in the second quarter. Federated Hermes Inc. now owns 2,498,984 shares of the company’s stock valued at $337,738,000 after buying an additional 770,620 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Kimberly-Clark by 202.4% in the second quarter. Prudential Financial Inc. now owns 975,388 shares of the company’s stock valued at $131,818,000 after buying an additional 652,880 shares during the last quarter. State Street Corp raised its holdings in shares of Kimberly-Clark by 3.4% in the second quarter. State Street Corp now owns 18,658,870 shares of the company’s stock valued at $2,542,866,000 after buying an additional 606,657 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Kimberly-Clark by 7.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,445,588 shares of the company’s stock worth $670,678,000 after purchasing an additional 397,337 shares during the last quarter. Institutional investors own 74.16% of the company’s stock.

Kimberly-Clark Stock Up 0.3 %

Shares of NYSE:KMB opened at $134.63 on Wednesday. The stock has a market cap of $45.44 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 3.30 and a beta of 0.40. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 13.08. Kimberly-Clark Co. has a 12-month low of $108.74 and a 12-month high of $144.53. The business’s 50 day moving average is $135.68 and its 200 day moving average is $129.25.

Kimberly-Clark (NYSE:KMBGet Rating) last announced its earnings results on Tuesday, October 25th. The company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.08). Kimberly-Clark had a net margin of 8.84% and a return on equity of 250.21%. The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the previous year, the firm earned $1.62 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Kimberly-Clark Co. will post 5.6 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Friday, December 9th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, December 8th. Kimberly-Clark’s payout ratio is 87.88%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KMB shares. Morgan Stanley dropped their price objective on Kimberly-Clark from $137.00 to $132.00 and set an “equal weight” rating for the company in a report on Tuesday, October 4th. Atlantic Securities upgraded Kimberly-Clark from a “neutral” rating to an “overweight” rating and set a $135.00 target price for the company in a research report on Wednesday, October 12th. Barclays boosted their target price on Kimberly-Clark to $127.00 in a research report on Thursday, October 27th. Jefferies Financial Group lowered Kimberly-Clark from a “buy” rating to a “hold” rating and boosted their price objective for the company from $137.00 to $139.00 in a research report on Wednesday, January 4th. Finally, Deutsche Bank Aktiengesellschaft lowered Kimberly-Clark from a “hold” rating to a “sell” rating and boosted their price objective for the company from $120.00 to $123.00 in a research report on Tuesday, December 6th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $128.67.

Kimberly-Clark Profile

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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

Further Reading

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

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