Westpac Banking Corp lowered its position in Kimberly Clark Corp (NYSE:KMB) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,288 shares of the company’s stock after selling 837 shares during the quarter. Westpac Banking Corp’s holdings in Kimberly Clark were worth $2,858,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KMB. Vanguard Group Inc. increased its position in shares of Kimberly Clark by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after purchasing an additional 537,794 shares during the last quarter. Capital Research Global Investors increased its position in shares of Kimberly Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Kimberly Clark by 3.3% in the 2nd quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after purchasing an additional 181,517 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of Kimberly Clark by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock worth $421,692,000 after purchasing an additional 55,108 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in shares of Kimberly Clark by 35.9% in the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after purchasing an additional 723,800 shares during the last quarter. Hedge funds and other institutional investors own 71.47% of the company’s stock.

Kimberly Clark Corp (KMB) opened at $120.45 on Thursday. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. The stock has a market cap of $42,411.38, a PE ratio of 19.73, a price-to-earnings-growth ratio of 3.13 and a beta of 0.76. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. Kimberly Clark’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS. equities research analysts predict that Kimberly Clark Corp will post 6.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s payout ratio is 64.03%.

Several research firms have recently weighed in on KMB. Deutsche Bank began coverage on shares of Kimberly Clark in a research report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price for the company. Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price for the company. in a research report on Monday, December 11th. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and boosted their price objective for the company from $112.05 to $144.00 in a research report on Thursday, November 2nd. Finally, Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $126.00.

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Kimberly Clark Profile

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.

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

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