Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 81.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 38,449 shares of the company’s stock after purchasing an additional 17,220 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Kimberly-Clark were worth $5,471,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of KMB. State Street Corp lifted its stake in shares of Kimberly-Clark by 5.9% in the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock worth $2,768,367,000 after acquiring an additional 1,083,824 shares during the period. Wulff Hansen & CO. lifted its position in Kimberly-Clark by 13,720.0% in the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock worth $88,659,000 after purchasing an additional 636,882 shares during the period. Marshall Wace LLP boosted its stake in Kimberly-Clark by 48.4% during the 2nd 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 in the last quarter. Ilex Capital Partners UK LLP increased its position in shares of Kimberly-Clark by 140.0% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company’s stock valued at $94,278,000 after purchasing an additional 386,510 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock worth $1,431,443,000 after buying an additional 358,926 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group lowered their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Barclays increased their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Finally, 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. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Price Performance

KMB opened at $130.89 on Friday. The stock has a fifty day moving average price of $137.27 and a 200 day moving average price of $139.31. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The stock has a market cap of $43.65 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 2.74 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced 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 return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the company earned $1.74 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. Analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.73%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio is 63.29%.

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.