Summit Trail Advisors LLC Increases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Summit Trail Advisors LLC increased its position in Kimberly-Clark Co. (NYSE:KMB) by 9.5% in the third quarter, Holdings Channel.com reports. The fund owned 6,492 shares of the company’s stock after acquiring an additional 563 shares during the quarter. Summit Trail Advisors LLC’s holdings in Kimberly-Clark were worth $932,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vest Financial LLC grew its position in shares of Kimberly-Clark by 6.5% during the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after purchasing an additional 21,339 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in Kimberly-Clark during the second quarter valued at $14,751,000. Swedbank AB grew its position in Kimberly-Clark by 4.0% during the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after buying an additional 6,392 shares in the last quarter. PGGM Investments increased its stake in Kimberly-Clark by 84.6% in the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after acquiring an additional 11,882 shares during the last quarter. Finally, Sarasin & Partners LLP purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $36,608,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. UBS Group cut their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Barclays lifted their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $139.14 on Tuesday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The firm has a market cap of $46.40 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.90 and a beta of 0.40. The business has a 50 day moving average price of $138.61 and a 200-day moving average price of $139.19.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the firm earned $1.74 EPS. The company’s revenue was down 3.5% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.51%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark 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.