Kimberly-Clark Co. (NYSE:KMB) Stock Position Reduced by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. decreased its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,719 shares of the company’s stock after selling 580 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Kimberly-Clark were worth $5,082,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Wulff Hansen & CO. boosted its position in Kimberly-Clark by 13,720.0% during the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock valued at $88,659,000 after purchasing an additional 636,882 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Kimberly-Clark by 48.4% during the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after purchasing an additional 503,839 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kimberly-Clark by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock valued at $1,431,443,000 after buying an additional 358,926 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kimberly-Clark by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after buying an additional 354,501 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Kimberly-Clark by 32.1% in the second quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock worth $188,040,000 after buying an additional 330,327 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KMB. Barclays lifted 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 note on Friday, October 11th. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. cut their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. UBS Group decreased their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Trading Up 0.5 %

Shares of Kimberly-Clark stock opened at $139.14 on Tuesday. The company has a market cap of $46.40 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.90 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company’s fifty day simple moving average is $138.61 and its 200-day simple moving average is $139.19. 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 posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. The business’s revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed 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 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 is currently 63.29%.

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.