Intech Investment Management LLC Has $9.02 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Intech Investment Management LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,394 shares of the company’s stock after acquiring an additional 146 shares during the quarter. Intech Investment Management LLC’s holdings in Kimberly-Clark were worth $9,020,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $26,000. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $28,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 3rd quarter worth about $29,000. Crewe Advisors LLC acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth about $27,000. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KMB. Royal Bank of Canada restated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays raised their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Price Performance

KMB stock opened at $137.21 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The firm has a market cap of $45.76 billion, a P/E ratio of 17.80, a P/E/G ratio of 2.85 and a beta of 0.40. The company’s 50-day moving average price is $138.82 and its two-hundred day moving average price is $139.11.

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. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 EPS. On average, analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 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.