Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,691 shares of the company’s stock after purchasing an additional 422 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Kimberly-Clark were worth $1,379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $26,000. Crewe Advisors LLC bought a new stake in Kimberly-Clark during the first quarter valued at about $27,000. New Millennium Group LLC bought a new position in Kimberly-Clark during the second quarter worth $28,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark in the 2nd quarter valued at approximately $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its position in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 1.8 %

NYSE:KMB opened at $134.08 on Friday. The stock’s 50 day moving average price is $139.75 and its two-hundred day moving average price is $139.13. The firm has a market capitalization of $44.71 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40. 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 Co. has a twelve month low of $117.67 and a twelve month high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued 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. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.74 earnings per share. Equities research analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Analysts Set New Price Targets

Several brokerages have weighed in on KMB. TD Cowen assumed coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. UBS Group decreased their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Finally, Barclays upped their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Company 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.