Investment Management Corp of Ontario Has $8.23 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Investment Management Corp of Ontario lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,839 shares of the company’s stock after selling 2,272 shares during the quarter. Investment Management Corp of Ontario’s holdings in Kimberly-Clark were worth $8,229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 acquired a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $28,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the third quarter worth $29,000. DiNuzzo Private Wealth Inc. increased its position in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the last quarter. Finally, Kennebec Savings Bank bought a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $36,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 0.2 %

Shares of NYSE KMB opened at $139.56 on Tuesday. The company’s 50 day moving average price is $138.46 and its 200-day moving average price is $139.33. 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 Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a market capitalization of $46.54 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current 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 issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.50%. Kimberly-Clark’s payout ratio is currently 63.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KMB shares. Barclays raised 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. 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. Finally, UBS Group decreased their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $149.93.

Insider Buying and Selling at Kimberly-Clark

In other 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 transaction of $417,030.00. Following the transaction, the vice president now 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.62% of the company’s stock.

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.