UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 20,953 Shares of Kimberly-Clark Co. (NYSE:KMB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,712,258 shares of the company’s stock after acquiring an additional 20,953 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.81% of Kimberly-Clark worth $385,900,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $26,000. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $28,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. raised its holdings 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 in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KMB has been the subject of a number of research analyst reports. UBS Group lowered their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Barclays boosted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Trading Down 0.4 %

NYSE KMB opened at $139.20 on Friday. The business’s 50-day moving average price is $138.52 and its two-hundred day moving average price is $139.21. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The firm has a market capitalization of $46.42 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last released 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 return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The business’s revenue was down 3.5% on a year-over-year basis. On average, analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given 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 dividend yield of 3.51%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.62% of the company’s stock.

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.