Kimberly-Clark Corporation $KMB Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 19.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,687 shares of the company’s stock after selling 10,687 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kimberly-Clark were worth $4,451,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. CWA Asset Management Group LLC lifted its stake in Kimberly-Clark by 8.1% during the third quarter. CWA Asset Management Group LLC now owns 4,145 shares of the company’s stock worth $404,000 after purchasing an additional 312 shares during the last quarter. Abel Hall LLC raised its holdings in shares of Kimberly-Clark by 22.3% during the 3rd quarter. Abel Hall LLC now owns 5,404 shares of the company’s stock valued at $527,000 after buying an additional 985 shares in the last quarter. First Bank & Trust raised its holdings in shares of Kimberly-Clark by 98.7% during the 3rd quarter. First Bank & Trust now owns 23,078 shares of the company’s stock valued at $2,248,000 after buying an additional 11,462 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Kimberly-Clark by 10.4% during the 3rd quarter. IFP Advisors Inc now owns 12,945 shares of the company’s stock valued at $1,261,000 after buying an additional 1,218 shares in the last quarter. Finally, Delta Capital Management LLC lifted its position in Kimberly-Clark by 3.4% in the 3rd quarter. Delta Capital Management LLC now owns 11,155 shares of the company’s stock worth $1,087,000 after buying an additional 365 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

KMB stock opened at $112.32 on Friday. The stock has a market capitalization of $37.36 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 5.77 and a beta of 0.25. The firm’s 50-day moving average price is $102.70 and its two-hundred day moving average price is $102.98. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $123.09.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 earnings per share. As a group, equities analysts predict that Kimberly-Clark Corporation will post 6.83 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $1.28 dividend. The ex-dividend date was Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.6%. Kimberly-Clark’s dividend payout ratio (DPR) is 87.07%.

Analysts Set New Price Targets

KMB has been the subject of several research reports. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. UBS Group upped their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Zacks Research lowered shares of Kimberly-Clark from a “hold” rating to a “strong sell” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $116.50.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.