Natixis Advisors LLC Buys 99,011 Shares of Kimberly-Clark Co. (NYSE:KMB)

Natixis Advisors LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 84.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,748 shares of the company’s stock after acquiring an additional 99,011 shares during the period. Natixis Advisors LLC owned about 0.06% of Kimberly-Clark worth $30,839,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. CX Institutional lifted its position in Kimberly-Clark by 1.2% in the second quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after purchasing an additional 71 shares during the period. Wesbanco Bank Inc. lifted its holdings in shares of Kimberly-Clark by 0.9% during the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after acquiring an additional 71 shares during the period. My Legacy Advisors LLC boosted its position in shares of Kimberly-Clark by 4.6% during the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after acquiring an additional 76 shares in the last quarter. Graypoint LLC raised its position in Kimberly-Clark by 1.5% in the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after purchasing an additional 78 shares in the last quarter. Finally, Equitable Trust Co. lifted its stake in Kimberly-Clark by 0.9% during the second quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock worth $1,253,000 after purchasing an additional 80 shares during the period. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KMB. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Barclays boosted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Finally, Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Two equities 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 company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Stock Performance

NYSE KMB opened at $134.08 on Monday. The firm’s 50 day simple moving average is $139.49 and its 200 day simple moving average is $139.15. The firm has a market capitalization of $44.71 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 2.81 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion during 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 business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 earnings per share. As a group, research analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.64%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

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.