Charles Schwab Investment Management Inc. Acquires 358,926 Shares of Kimberly-Clark Co. (NYSE:KMB)

Charles Schwab Investment Management Inc. raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,060,744 shares of the company’s stock after buying an additional 358,926 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Kimberly-Clark were worth $1,431,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Smithfield Trust Co increased its position in shares of Kimberly-Clark by 70.7% during the third quarter. Smithfield Trust Co now owns 11,571 shares of the company’s stock worth $1,646,000 after acquiring an additional 4,791 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Kimberly-Clark by 17.7% in the 3rd quarter. Pacer Advisors Inc. now owns 66,542 shares of the company’s stock valued at $9,468,000 after acquiring an additional 10,024 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Kimberly-Clark by 1.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock worth $759,000 after buying an additional 77 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Kimberly-Clark by 11.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 555,821 shares of the company’s stock valued at $79,082,000 after acquiring an additional 55,572 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the third quarter valued at approximately $29,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE KMB opened at $136.37 on Thursday. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The stock has a market cap of $45.48 billion, a PE ratio of 17.69, a PEG ratio of 2.85 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The firm’s fifty day moving average price is $138.92 and its two-hundred day moving average price is $139.13.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.58%. Kimberly-Clark’s payout ratio is 63.29%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $149.93.

About Kimberly-Clark

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.