Richard C. Young & CO. LTD. Buys New Stake in Kimberly-Clark Co. (NYSE:KMB)

Richard C. Young & CO. LTD. purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB) in the 3rd quarter, Holdings Channel reports. The firm purchased 1,689 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors also recently made changes to their positions in the stock. Vest Financial LLC raised its stake in Kimberly-Clark by 6.5% in the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after purchasing an additional 21,339 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Kimberly-Clark during the second quarter valued at approximately $14,751,000. Swedbank AB grew its stake in Kimberly-Clark by 4.0% in the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after acquiring an additional 6,392 shares during the period. PGGM Investments raised its holdings in Kimberly-Clark by 84.6% in the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock valued at $3,583,000 after acquiring an additional 11,882 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its stake 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 purchasing an additional 6,293 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective 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. TD Cowen started coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price for the company. UBS Group cut their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Two 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 stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $134.08 on Monday. The firm has a market capitalization of $44.71 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The stock’s 50 day moving average price is $139.49 and its 200 day moving average price is $139.15. 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 posted its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 earnings per share. As a group, sell-side analysts expect 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. Stockholders 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 dividend yield of 3.64%. Kimberly-Clark’s dividend payout ratio is presently 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.