Brooklyn Investment Group Buys Shares of 844 Kimberly-Clark Co. (NYSE:KMB)

Brooklyn Investment Group bought a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 844 shares of the company’s stock, valued at approximately $120,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $26,000. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $28,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter valued at $29,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its stake in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares during the period. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KMB shares. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Barclays upped their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Finally, UBS Group reduced their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Trading Down 0.4 %

Shares of NYSE:KMB opened at $139.20 on Thursday. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a market capitalization of $46.42 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40. The company has a 50-day simple moving average of $138.54 and a 200 day simple moving average of $139.21. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last issued its 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 business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the business posted $1.74 EPS. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current 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 paid a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.51%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by company insiders.

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.