Navellier & Associates Inc. Has $2.60 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Navellier & Associates Inc. cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,281 shares of the company’s stock after selling 812 shares during the period. Navellier & Associates Inc.’s holdings in Kimberly-Clark were worth $2,601,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KMB. Vest Financial LLC increased its stake in Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after acquiring an additional 21,339 shares during the period. Manning & Napier Advisors LLC acquired a new position in Kimberly-Clark during the 2nd quarter valued at about $14,751,000. Swedbank AB boosted its stake in Kimberly-Clark by 4.0% in the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after acquiring an additional 6,392 shares during the last quarter. PGGM Investments grew its stake in shares of Kimberly-Clark by 84.6% during the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after purchasing an additional 11,882 shares during the period. Finally, CreativeOne Wealth LLC grew its position in shares of Kimberly-Clark by 107.8% during the 1st quarter. CreativeOne Wealth LLC now owns 12,129 shares of the company’s stock worth $1,569,000 after buying an additional 6,293 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on KMB shares. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Barclays increased their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $136.37 on Thursday. The company’s 50 day moving average price is $138.92 and its two-hundred day moving average price is $139.13. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The firm 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.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 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 company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the previous year, the company earned $1.74 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities research analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

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

Kimberly-Clark Company Profile

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.