Coston McIsaac & Partners Has $5.55 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Coston McIsaac & Partners increased its position in Kimberly-Clark Co. (NYSE:KMB) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 38,998 shares of the company’s stock after acquiring an additional 992 shares during the quarter. Kimberly-Clark accounts for 1.6% of Coston McIsaac & Partners’ holdings, making the stock its 24th largest position. Coston McIsaac & Partners’ holdings in Kimberly-Clark were worth $5,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Kimberly-Clark by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after buying an additional 944,920 shares during the period. Capital World Investors increased its position in Kimberly-Clark by 17.8% during the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after purchasing an additional 342,790 shares during the period. Dimensional Fund Advisors LP increased its position in Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after purchasing an additional 354,501 shares during the period. Nordea Investment Management AB increased its position in Kimberly-Clark by 2.9% during the 1st quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock valued at $222,093,000 after purchasing an additional 48,103 shares during the period. Finally, Marshall Wace LLP increased its position in Kimberly-Clark by 48.4% during the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after purchasing an additional 503,839 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on KMB. JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Barclays increased their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Finally, TD Cowen initiated coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. Two 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 MarketBeat, the stock has an average rating of “Hold” and an average target price of $149.14.

Kimberly-Clark Stock Down 0.9 %

Shares of KMB traded down $1.28 during trading hours on Wednesday, reaching $136.47. The stock had a trading volume of 550,622 shares, compared to its average volume of 2,111,616. Kimberly-Clark Co. has a 12 month low of $116.63 and a 12 month high of $149.30. The firm has a 50-day simple moving average of $143.26 and a 200 day simple moving average of $138.67. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The company has a market capitalization of $45.95 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 2.98 and a beta of 0.39.

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. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 EPS. Equities research analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s payout ratio is currently 89.71%.

About Kimberly-Clark

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.