Eqis Capital Management Inc. grew its stake in Kimberly-Clark Co. (NYSE:KMB) by 41.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,307 shares of the company’s stock after buying an additional 1,261 shares during the period. Eqis Capital Management Inc.’s holdings in Kimberly-Clark were worth $636,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC grew its stake in Kimberly-Clark by 673.9% in the 3rd quarter. Simon Quick Advisors LLC now owns 178 shares of the company’s stock worth $26,000 after buying an additional 155 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Kimberly-Clark in the 2nd quarter worth approximately $28,000. Newfound Research LLC purchased a new position in Kimberly-Clark in the 3rd quarter worth approximately $28,000. Demars Financial Group LLC purchased a new position in Kimberly-Clark in the 2nd quarter worth approximately $35,000. Finally, Proffitt & Goodson Inc. purchased a new position in Kimberly-Clark in the 2nd quarter worth approximately $39,000. 71.39% of the stock is owned by institutional investors and hedge funds.
KMB has been the subject of a number of research reports. JPMorgan Chase & Co. cut shares of Kimberly-Clark from an “overweight” rating to a “neutral” rating and set a $163.00 price target for the company. in a research note on Friday, October 16th. They noted that the move was a valuation call. Barclays reaffirmed a “buy” rating and issued a $167.00 price objective on shares of Kimberly-Clark in a research note on Monday, October 26th. Morgan Stanley cut their price objective on shares of Kimberly-Clark from $160.00 to $146.00 and set an “equal weight” rating for the company in a research note on Friday, October 23rd. Jefferies Financial Group upped their price objective on shares of Kimberly-Clark from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. Finally, Berenberg Bank started coverage on shares of Kimberly-Clark in a research note on Friday, October 16th. They issued a “buy” rating and a $181.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $159.13.
NYSE:KMB opened at $139.76 on Friday. The company has a fifty day moving average of $142.71 and a 200 day moving average of $145.01. Kimberly-Clark Co. has a 52 week low of $110.66 and a 52 week high of $160.16. The company has a quick ratio of 0.70, a current ratio of 1.00 and a debt-to-equity ratio of 13.61. The firm has a market capitalization of $47.54 billion, a P/E ratio of 20.31, a P/E/G ratio of 3.27 and a beta of 0.50.
Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $1.72 EPS for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.04). Kimberly-Clark had a net margin of 12.49% and a return on equity of 812.50%. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.59 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Friday, December 4th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.06%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 62.12%.
In related news, Director Robert W. Decherd acquired 3,000 shares of the firm’s stock in a transaction on Thursday, October 29th. The stock was acquired at an average cost of $132.67 per share, for a total transaction of $398,010.00. Following the acquisition, the director now owns 48,444 shares of the company’s stock, valued at $6,427,065.48. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.
Kimberly-Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
Featured Story: Example of operating income, EBIT and EBITDA
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Co. (NYSE:KMB).
Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.