Kimberly-Clark Corporation $KMB Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 11.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,124 shares of the company’s stock after selling 24,539 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Kimberly-Clark worth $23,143,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Strs Ohio purchased a new position in Kimberly-Clark in the first quarter valued at approximately $12,854,000. Assenagon Asset Management S.A. lifted its position in shares of Kimberly-Clark by 186.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 43,492 shares of the company’s stock worth $5,408,000 after buying an additional 28,335 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Kimberly-Clark by 3.4% in the 2nd quarter. Franklin Resources Inc. now owns 591,145 shares of the company’s stock valued at $76,234,000 after buying an additional 19,298 shares in the last quarter. Hudson Bay Capital Management LP grew its position in shares of Kimberly-Clark by 5,751.6% in the 2nd quarter. Hudson Bay Capital Management LP now owns 94,211 shares of the company’s stock valued at $12,146,000 after buying an additional 92,601 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Kimberly-Clark by 37.2% during the 2nd quarter. Marshall Wace LLP now owns 256,616 shares of the company’s stock worth $33,083,000 after acquiring an additional 69,582 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group raised their price objective on Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Cowen restated a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Morgan Stanley cut their price target on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a report on Monday. Finally, BNP Paribas Exane cut their target price on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, December 1st. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $124.23.

Kimberly-Clark Trading Down 3.3%

Shares of KMB stock opened at $98.07 on Tuesday. The company has a market capitalization of $32.55 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 3.89 and a beta of 0.26. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. The business’s 50 day moving average is $104.40 and its two-hundred day moving average is $119.33. Kimberly-Clark Corporation has a twelve month low of $97.65 and a twelve month high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the company earned $1.83 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were issued a $1.26 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 5.1%. Kimberly-Clark’s payout ratio is presently 85.28%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.