Isthmus Partners LLC Purchases Shares of 2,276 Kimberly-Clark Co. (NYSE:KMB)

Isthmus Partners LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,276 shares of the company’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in Kimberly-Clark by 3.7% in the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kimberly-Clark by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company’s stock valued at $385,900,000 after buying an additional 20,953 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Kimberly-Clark by 22.4% in the second 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 during the last quarter. Marshall Wace LLP raised its stake in Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after buying an additional 503,839 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake 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 valued at $188,040,000 after buying an additional 330,327 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Up 0.1 %

Kimberly-Clark stock opened at $139.37 on Friday. The firm has a market cap of $46.48 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The business’s 50-day moving average price is $138.49 and its 200 day moving average price is $139.24. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period last year, the company earned $1.74 earnings per share. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s payout ratio is currently 63.29%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KMB shares. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. UBS Group reduced their price objective 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. Barclays raised their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $149.93.

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.