Nwam LLC Purchases Shares of 7,236 Kimberly-Clark Co. (NYSE:KMB)

Nwam LLC acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 7,236 shares of the company’s stock, valued at approximately $1,030,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wulff Hansen & CO. raised its stake in Kimberly-Clark by 13,720.0% in the 2nd quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock worth $88,659,000 after acquiring an additional 636,882 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after purchasing an additional 503,839 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock worth $1,431,443,000 after purchasing an additional 358,926 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after purchasing an additional 354,501 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Kimberly-Clark by 32.1% in the second quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock valued at $188,040,000 after buying an additional 330,327 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on KMB shares. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Barclays boosted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. UBS Group decreased their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, StockNews.com lowered 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Trading Up 1.0 %

Shares of NYSE:KMB opened at $138.42 on Friday. The firm has a market capitalization of $46.16 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 2.88 and a beta of 0.40. The business’s 50 day moving average price is $138.72 and its 200-day moving average price is $139.15. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data 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. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.53%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

Kimberly-Clark 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.