Capital International Inc. CA Grows Stock Holdings in Kimberly-Clark Corporation $KMB

Capital International Inc. CA boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 30.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,897 shares of the company’s stock after buying an additional 11,318 shares during the quarter. Capital International Inc. CA’s holdings in Kimberly-Clark were worth $5,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in Kimberly-Clark by 17.8% in the 3rd quarter. Bank of Montreal Can now owns 503,134 shares of the company’s stock valued at $62,560,000 after purchasing an additional 75,983 shares in the last quarter. Legal & General Group Plc boosted its position in Kimberly-Clark by 2.3% during the third quarter. Legal & General Group Plc now owns 2,375,544 shares of the company’s stock worth $295,375,000 after purchasing an additional 52,769 shares in the last quarter. Pinkerton Wealth LLC grew its holdings in Kimberly-Clark by 10.6% in the third quarter. Pinkerton Wealth LLC now owns 38,905 shares of the company’s stock valued at $4,837,000 after purchasing an additional 3,721 shares during the last quarter. Banque Cantonale Vaudoise grew its holdings in Kimberly-Clark by 25.1% in the third quarter. Banque Cantonale Vaudoise now owns 26,716 shares of the company’s stock valued at $3,322,000 after purchasing an additional 5,355 shares during the last quarter. Finally, Fieldview Capital Management LLC increased its position in shares of Kimberly-Clark by 61.2% in the third quarter. Fieldview Capital Management LLC now owns 36,365 shares of the company’s stock valued at $4,522,000 after buying an additional 13,803 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $100.04 on Thursday. 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 market capitalization of $33.21 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 3.62 and a beta of 0.24. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $147.12. The company has a 50 day moving average price of $103.43 and a 200 day moving average price of $110.56.

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

Kimberly-Clark Increases Dividend

The company 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. This represents a $5.12 annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s payout ratio is currently 84.35%.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KMB has been the topic of several recent research reports. Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. TD Cowen dropped their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Wells Fargo & Company set a $110.00 price target on shares of Kimberly-Clark in a report on Tuesday, February 17th. Finally, UBS Group increased their price target on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average target price of $119.00.

About Kimberly-Clark

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.