Sumitomo Mitsui Trust Group Inc. Has $116.39 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Sumitomo Mitsui Trust Group Inc. raised its holdings in Kimberly-Clark Co. (NYSE:KMB) by 1.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 818,018 shares of the company’s stock after acquiring an additional 11,937 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Kimberly-Clark were worth $116,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark during the second quarter worth $26,000. Crewe Advisors LLC acquired a new stake in Kimberly-Clark in the 1st quarter worth $27,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter worth about $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark during the second quarter valued at about $32,000. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $132.19 on Thursday. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The firm has a market cap of $44.08 billion, a P/E ratio of 17.15, a P/E/G ratio of 2.78 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The business’s fifty day moving average is $140.40 and its two-hundred day moving average is $139.23.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 EPS. Equities research analysts forecast that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business 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 $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.69%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Wall Street Analyst Weigh In

KMB has been the subject of several recent research reports. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. UBS Group cut their target price 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. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy 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 $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.