Dimensional Fund Advisors LP Has $295.57 Million Position in Kimberly-Clark Corporation $KMB

Dimensional Fund Advisors LP raised its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,377,410 shares of the company’s stock after acquiring an additional 20,152 shares during the quarter. Dimensional Fund Advisors LP owned about 0.72% of Kimberly-Clark worth $295,570,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Kimberly-Clark by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock valued at $5,212,942,000 after purchasing an additional 5,200,011 shares in the last quarter. Norges Bank bought a new position in shares of Kimberly-Clark in the 2nd quarter valued at $556,114,000. Federated Hermes Inc. raised its holdings in shares of Kimberly-Clark by 350.2% during the 2nd quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock worth $204,105,000 after buying an additional 1,231,501 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Kimberly-Clark by 32,568.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock worth $126,138,000 after buying an additional 975,424 shares in the last quarter. Finally, Sarasin & Partners LLP lifted its position in shares of Kimberly-Clark by 88.9% during the 3rd quarter. Sarasin & Partners LLP now owns 2,048,544 shares of the company’s stock worth $251,274,000 after buying an additional 963,978 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KMB shares. TD Cowen decreased their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Barclays set a $102.00 target price on shares of Kimberly-Clark in a research report on Friday, January 16th. Wells Fargo & Company set a $110.00 price target on shares of Kimberly-Clark in a report on Tuesday, February 17th. UBS Group increased their price target on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $119.00.

Kimberly-Clark Stock Down 0.3%

Kimberly-Clark stock opened at $104.58 on Friday. The firm has a market cap of $34.71 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 3.77 and a beta of 0.24. Kimberly-Clark Corporation has a 52-week low of $96.26 and a 52-week high of $150.45. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The firm has a 50 day moving average price of $103.41 and a two-hundred day moving average price of $111.37.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the business earned $1.50 EPS. The firm’s revenue was down .6% compared to the same quarter last year. Equities analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a dividend of $1.28 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 83.03%.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Company 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.